I'm suggesting this article, which was featured recently in The Economist. In my opinion, the recent financial crisis is, as I've long maintained, a natural outcome of the continuous "progress" in financial product commoditization, whereby people fork over tons of their hard-earned money (or, rather, debt obligation) for products and arrangements that they don't understand. These arrangements were buoyed by a gross misjudgment of risk, which fueled the seemingly cheap interest rates offered out like pamphlets in a grocery store parking lot. Unfortunately, the ambiguity surrounding risk went hand-in-hand with irrational speculation as to the outcomes and implications of a potential fallout. As each day's headlines suggest, we won't know the true outcome for quite awhile.
If there's one lesson that we should learn from this mess, it is that greater emphasis should be placed on financial education, particularly early on.
May the Bulls be always guiding your 401(K),
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