Kelly Lieberman

How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II

The biggest problem I see is that the man in the street who has their money in the market or carelessly leaves it sitting in the bank, or lives paycheck to paycheck for the most part, are the true drivers of the economy in the long run.
All the manipulation of markets, printing of new dollars, charts and forecasts will fail when that regular guy gets nervous. When he has spent his credit limit and can no longer afford to fill up his Toyota, or pay his sub prime mortgage or pay for food for his 2.4 kids - this gig is up.
That time is here. Look out the window, take a drive to the suburbs.. Not the ones we live in... the one a few miles away. That is the pulse of this country and we are about to have a heart attack.
The average Joe isn't going to make it. They won't be buying oil, or food or clothes unless it is with some new fangled food stamps. The slightly more than average Joe who may have some retirement money left in the market or in the bank will bail and buy the only thing he knows. Gold.
Most of the world just doesn't read this stuff....that's what you have to remember when making your own play....