tag:blogger.com,1999:blog-6492542366661862113.post1175841313825628400..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: And The Fraud Rolls on 1 Year LaterJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6492542366661862113.post-83124372321854762352013-02-19T21:45:01.830-08:002013-02-19T21:45:01.830-08:00Neal
Glad to see your still here!
In terms of ...Neal<br /><br />Glad to see your still here! <br /><br />In terms of answering your question I don't think anyone has the answer.<br /><br />The only suggestion I can make is to pay off all debts. The Fed is goading all of us into going into more debt with low rates but it's a sucker's bet. Some will say that with zero rates debtors rule and savers get punished.<br /><br />Personally, I prefer to owe nobody anything.<br /><br />In terms of a USD hedge? Real estate, diversify into other currencies such as the Canadian dollar, and prepping to a point probably couldn't hurt.<br /><br />I don't see the world coming to an end like some do when it comes to the economy. My expect to see some type of dollar devaluation which will hurt but there are many other countries that will devalue first so we have some time to prepare.<br /><br />Japan has the ball rolling here and I suspect if the Yen spirals down then other currencies will react and race towards the bottom so they can still export.<br /><br />The options aren't pretty and I wish I had better ideas as to what to do. Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-34129241217869332402013-02-19T21:34:52.576-08:002013-02-19T21:34:52.576-08:00Hi Minton!
Great to hear from you my friend. I k...Hi Minton!<br /><br />Great to hear from you my friend. I know it's been awhile.<br /><br />I agree. No jailtime for anyone on WAll St. Elizabeth Wrren had a nice rant on this last week.<br /><br />Investing has gotten so tricky recently. We have the sequester coming up so that should be interesting.<br /><br />The stock market always changes which is one of the things I love about it. The markets can never be mastered and I get humbled regularly but it only makes me more fascinated by how it all plays out.<br /><br />Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-37885898664212524922013-02-16T09:54:03.756-08:002013-02-16T09:54:03.756-08:00I'm still here though I never commented before...I'm still here though I never commented before.<br /><br />Glenn Beck had Jim Rogers on his show recently and talked about how we're past the point of no return. He asked Jim what a lot of us want to know. What does the average non-rich person need to do to prepare for what's ahead? Rogers waxed on about agriculture...not really actionable intel for my 1/4 acre homestead. What are we to do to protect the US$ we have now? Be doomsday preppers? forex? stocks? metals? I read enough econ blogs to remind myself I'll never really get economics.Nealnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-20585471254474066032013-02-16T07:45:31.883-08:002013-02-16T07:45:31.883-08:00Funnily enough, I checked your blog earlier this w...Funnily enough, I checked your blog earlier this week after being gone for a while - glad to see you back!<br /><br />I too can't believe where we are four years later. There's been no real regulation or changes in the business practices that led to the crash and nobody's even gone to jail. All that's happened is that they've privatized the profits and socialized the risk, leaving Americans with trillions of dollars of debt and no reasonable way to pay it off.<br /><br />I agree with you - anyone who buys Treasuries over stock is crazy right now. At some point the US govt is going to have to default whereas I suspect Microsoft, Cisco and Apple will be just fine.<br /><br />Keep blogging Jeff!mintonnoreply@blogger.com