Personal finance authors are changing their advice
I have to say I love it. It goes on to show how these so-called experts really have no fixed opinions of their own but will sway to whichever direction the wind is blowing. Here is an article from Wall Street Journal that talks about a rush in new personal finance books being published in 2009.
Few years ago the books extolled the virtues of low down payment and exotic mortgages, now the same authors are pushing for atleast 20% downpayments. Few years ago, there were books published on how to profit from the greatest coming boom (books with Dow 30000, Dow 40000 and Dow 100000 predictions come to mind), now this year we are going to see books discussing how to survive the next great depression.
On the other hand, this may be a signal that the bursting of the bubble has run its course and we are close to a turnaround.
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