There are 4 emotional stages that 99% of the population must endure when dealing with tough situations. And I would say that 17.5% real unemployment and the greatest level of poverty in close to two decades qualifies as pretty tough. Of course this is just in the US. In Spain, the real unemployment rate is over 30% and throughout much of Europe…as entitlement minded as it is…the real unemployment rate averages well over 20%. And this same reality is setting in all over the world. There is a quite discontent creeping into the global mindset. A palpitating anxiety that our kids may not have the same opportunities that we have enjoyed.

The 4 stages are shock, denial, fear, and acceptance.

At our m2 Wealth Conference in Boca Raton I said that we were close to coming out of denial and were about to enter the fear stage. In the fear stage, the reality of our dire situation will become prevalent. This is when stock markets retreat to new lows, home owners realize that the value of their r...