There was much rejoicing in Wall Street today, after the Federal Reserved announced that interest rates will stay low for an “extended period,” and the Dow closed with a 429-point gain. I am sure investors are feeling a degree of relief after two days of free falling. Does this signal that things are looking up and good times are here again? Not so fast. Even the Fed indicated the economy will remain weak for two more years, or longer than they expected.
Now it not the time to get sidetracked. Even on good news days, you can sit back and soak it all in, but don’t let up on your preparedness efforts. While prices are still manageable, continue to build your food storage, water and essential supplies. While you have a job or other source of income, continue set aside emergency cash. While times are fairly peaceful, find a way to increase your security. Things can change quickly; if and when they do, you will be glad you continued to prepare anyway.