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BHO, I do not think we are in anything like the Great Depression.
Yes, unemployment rate is painful. But nowhere near the 1930’s.
Yes, the National Debt is very high. But many other countries have higher debt to GDP.
Yes, Europe is going through a painful readjustment- but that is in part positive for us as the US$ is now the sole reserve currency. And Asia is a huge engine of growth that benefits us as well.
Yes, there are still problems in our banking system. And someday they will come back to haunt us. But someday is not today.
Our economy is amazingly resilient. We are still an innovative and productive nation. We are climbing our way out of a deep hole, and there will be slips and slides along the way, but the business cycle has turned the corner and is heading up.
When fear is rampant, as it is now, that is the time to be bold and invest. When everybody knows that things are great, Run for the hills.
All will crash except cash, more4less. I’m bearish on gold but I hold (trying to get out but the rally keeps pulling me back in!). I don’t care about my retirement account ’cause they’ll get me with penalties and backtax anyway (Still better than what’s coming but WTF – I’ll use it somewhat as a hedge).
BHO, my decisions have resulted in me being UP on all my asset classes (real estate, gold, cash, retiremt acct) vs prior to this recession/depression. Not a killing but up a decent amount. if you did better, then I bow to you. if not, my hand & ring is currently stretched out for you kiss.
biff,
it’s a sad family saga,
I wonder if Julian and Sean are friends today?
I liked Julian’s work in the 80’s too, that’s
really cool that you met Yoko and Cynthia.
BHO,
those are some scary parallels you posted.
did you catch my earlier post about hitting
100% debt/GDP ratio next year?
I’ll continue my talk and inaction until the market crashes and burns. We’re far from that. I might even buy, out of marital compromise, but I’ll still be…Grrrr!
BHO, I do not think we are in anything like the Great Depression.
Yes, unemployment rate is painful. But nowhere near the 1930’s.
Yes, the National Debt is very high. But many other countries have higher debt to GDP.
Yes, Europe is going through a painful readjustment- but that is in part positive for us as the US$ is now the sole reserve currency. And Asia is a huge engine of growth that benefits us as well.
Yes, there are still problems in our banking system. And someday they will come back to haunt us. But someday is not today.
Our economy is amazingly resilient. We are still an innovative and productive nation. We are climbing our way out of a deep hole, and there will be slips and slides along the way, but the business cycle has turned the corner and is heading up.
When fear is rampant, as it is now, that is the time to be bold and invest. When everybody knows that things are great, Run for the hills.
BTW, m4l, smooches for now! (no homo – you’re a dude, right?)
***Bid half off peak comps***
All will crash except cash, more4less. I’m bearish on gold but I hold (trying to get out but the rally keeps pulling me back in!). I don’t care about my retirement account ’cause they’ll get me with penalties and backtax anyway (Still better than what’s coming but WTF – I’ll use it somewhat as a hedge).
Is BP the new Exxon Mobil? Hmmm…
***Bid half off peak comps***
Hey this is interesting: e-dick swinging time! Can someone explain to an old guy like me how one verifies the result of an e-dick swinging?
“Read it, Bidding War Champion! Then you’ll suffer from cognitive dissonance.”
I can’t. I already suffer from thaasophobia.
“I think I just developed Carpel Tunnel Syndrome scrolling past BHO’s post.”
Read it, Bidding War Champion! Then you’ll suffer from cognitive dissonance (Shout out to ARE OH TEE DUB! Hell’s he at?).
That’s even scarier, Legion!
***Bid half off peak comps***
BHO, my decisions have resulted in me being UP on all my asset classes (real estate, gold, cash, retiremt acct) vs prior to this recession/depression. Not a killing but up a decent amount. if you did better, then I bow to you. if not, my hand & ring is currently stretched out for you kiss.
biff,
it’s a sad family saga,
I wonder if Julian and Sean are friends today?
I liked Julian’s work in the 80’s too, that’s
really cool that you met Yoko and Cynthia.
BHO,
those are some scary parallels you posted.
did you catch my earlier post about hitting
100% debt/GDP ratio next year?
“taking action”
Buying into the sucker’s rally is reasonable?
I’ll continue my talk and inaction until the market crashes and burns. We’re far from that. I might even buy, out of marital compromise, but I’ll still be…Grrrr!
***Bid half off peak comps***