Will We Be Turning Japonesa?

LMAO alanhart, say it like it is

You go girl!!! Jesus I'm going back to smoking crack and pimping!!!

KIDS these days :)

BIG PIMPING! :)

You laugh, but more than one realtor will be escorting to get through the recession...

Great article. I would have some of your loot in swiss francs amd foreign real estate if I were you.

Great article. I would have some of your loot in swiss francs and foreign real estate if I were you.

Admiral:
"You laugh, but more than one realtor will be escorting to get through the recession..."

now thats funny..

Thanks for the read! The articles lays it out the facts (better said quicksand) very nicely.

My thinking has for sometime paralleled the author's key points specially that of the demographic situation the US faces. Must be at least part of the reason I've been such a raging bull around here. :)

I'm on pins and needles awaiting the announcement of the new and fabulous Geitner financial rescue plan that will save us all. :)

What worries me is that people continue to be optimistic about all things. It's the same reason people don't like shorts....it's against human nature to hope for people to fail (unless you're Rush). The article is disturbing, but it also shows us in unchartered waters.

What worries me is that people continue to be optimistic about all things. It's the same reason people don't like shorts....it's against human nature to hope for people to fail (unless you're Rush). The article is disturbing, but it also shows us in unchartered waters.

Stupid phone keeps making me hit reply twice...

Positive - I had considered the Swiss Franc, too. However, I read an article similar to this one (http://www.marketobservation.com/blogs/index.php?blog=13&title=swiss_banks_heavily_exposed_to_emerging_&more=1&c=1&tb=1&pb=1) about their extremely high exposure to emerging market debt.

alan - I apologize for my youthful transgression. I also realize that I spelled the main word incorrectly. I was sounding it out and spelling it phonetically, not perverting it like they decided to.

I won't let it happen again...I really think so.

Investor,

Half our country is a emerging market! Hahaha

Seriously though, it's not a bad idea to buy foreign real estate so you're not all in dollars. Tech guy used to give me shit for saying that, but when you see all the numbers like this article mentions, it deserves a second look. If not swiss, then chinese. I'm not talking about putting all your available $ into another currency, just spreading it around. Look how quickly iceland came crashing down from their overspending. Buy a couple rental units in 2 or 3 currencies and sleep a little better at night.

big differenc3 between the US and Japan.
Japan spent billions on meanless infrastructure and failed to save the economy.
The US will spend billions on programs to promote meaningless infrastructure. That money will run through the hands of those already connected. It will be wasted and pilfered. Studies show that ill gotten gain spends freely (hello South Florida late 70's). This money will instantly find it's way to the mall, thus saving or beloved homeland. Look to New Orleans as a federal test. So, Billions in the hands of theives saves the day. Well, that does sound American...

falco,
you should consider teaching American economic history: pilfered $ always finds it's way to the mall ;)