Economy's Dark Clouds
To maintain as many of your assets as possible through difficult times, you will want to understand some of the dangerous undercurrents you may face. The starred links below contain several links to other articles and resources that you may find helpful.
Market Rally About to Lose Momentum
Economic Boom Not Around the Corner ***
Economy Skating on Thin Ice ***
Commercial Real Estate Hurting
IMF: Unemployment to Keep Going Up
Available financial information is contradictory, as always. One of the great challenges in life is learning to outgrow the programming one received in school. Experience is the best teacher, but to receive maximum benefit from experience one needs to maintain an open mind -- until experience teaches you it is time to make a firm judgment.
Market Rally About to Lose Momentum
Economic Boom Not Around the Corner ***
Economy Skating on Thin Ice ***
Commercial Real Estate Hurting
IMF: Unemployment to Keep Going Up
Available financial information is contradictory, as always. One of the great challenges in life is learning to outgrow the programming one received in school. Experience is the best teacher, but to receive maximum benefit from experience one needs to maintain an open mind -- until experience teaches you it is time to make a firm judgment.
Labels: economic depression
posted by al fin at 10:53 am
3 Comments:
I am a small time landlord with 3 vacancies and no prospective tenants. I thought the market after 9/11 was bad... this is much, much worse.
My stuff is middle market (not high end, not welfare housing) which is usually pretty solid. Not now. I keep losing tenants as they move back in with their parents or move back to India (lost their H1B visas).
Interesting times.
If the great challenge in life is to outgrow your programming you acquired in school then school should end as soon as possible.
We have quite a few billionaires and mega-millionaires who are high school and college dropouts.
HILN: The Obamba believers seem to think that they can thrash the economy every way imaginable -- on top of a pre-existing recession -- and expect it to bounce back with a smile on its face.
They will never escape their programming it seems. And they tend to make everyone else pay for their own fantasy world.
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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell
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