We’re nearing the end of the first month of this calendar year, so if you haven’t committed to a resolution, Atlas might be able to help. Resolutions are difficult to stick to, so Atlas has come up with one that could be easier.
More is an American mantra. When we line up for the all-you-can eat buffet, we want more. When it comes to consumption, we’re the nation responsible for the bumper stick that reads, “He who dies with the most toys wins.” More, as a concept, is endemic in the nation’s culture and doesn’t seem to be becoming unrooted.
Spending borrowed money can be fun, but paying it back rarely is. However, that is how the financial system works in America. A person looking to spend more than they have available borrows money from another source which has more money than it needs at the same moment in time. This can go on and help fuel an economic expansion for a while but not forever.
New Years offer many an opportunity for resolutions. Perhaps you’ve made a few this year. If you have, let Atlas know if we can help you with any of them. While last Tuesday’s meeting minutes from the Federal Reserve Open Market Committee didn’t exactly serve as a resolution, they do offer some insight into how America’s central bank is thinking about t
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