Preview from Europe: The Horror Show's Alive and Well [View article]
If you come away with anything, after watching the financial news, it should be that they are reiterating press released lies, and that believing what you see around you, is the greatest due diligence. Do you really believe, looking around, that things are better?
Sure home sales in CA, and NV are up. The sales price has been effectively cut in half. Are your friends and family better off? How is it that they can then buy more STUFF? Even if they do begin to recover, will they throw their money back into stocks, vice pay off bills, and creditors? We have collectively experienced an enormous paradigm shift. Things may not be as horrific as doomsayers claim, but they will never be the same, and the myth of double-digit growth, is dead. Long live the prudent and wise.
Preview from Europe: The Horror Show's Alive and Well [View article]
Sure home sales in CA, and NV are up. The sales price has been effectively cut in half. Are your friends and family better off? How is it that they can then buy more STUFF? Even if they do begin to recover, will they throw their money back into stocks, vice pay off bills, and creditors? We have collectively experienced an enormous paradigm shift. Things may not be as horrific as doomsayers claim, but they will never be the same, and the myth of double-digit growth, is dead. Long live the prudent and wise.