TomF75

Doug Casey: What to Do in 'The Greater Depression'

Not to play Devil's advocate here, but in the last paragraph where it mentions the authors previous books:

Crisis Investing: Opportunities and Profits in the Coming Great Depression in 1979...in 1993, with Crisis Investing for the Rest of the Nineties. In between, his Strategic Investing: How to Profit from the Coming Inflationary Depression (Simon & Shuster, 1982) broke records for the largest advance ever paid for a financial book.

It seems to me that whenever this guy comes out with a book about "crisis investing" the crisis is pretty much over.

Great Depression in 1979...umm don't think I recall that one?

Crisis investing for the 90's...yeah with the exception of that LTC/Asian blip in '98 I think that was a pretty good decade for equity investors

Coming Inflationary Depression in 1982...Does it count if the author is 28 years to early?!?!? I mean a broken clock is right two times a day after all.

I don't deny that the US and Western Europe have some serious structural deficiencies to deal with, but it seems like if you followed this guys investing advice you would've had to hawk your possessions at the nearest pawn shop a long time ago.

The Housing Market Will Improve with Lower Prices, not Lower Interest Rates

Richard,

I have to agree 100%...whether its real estate or cars we've become a "What's my monthly payment society?"

Can't afford the McMansion on a 30 yr Fixed, find an ARM or Option ARM that can.

Can't afford the Bimmer or Benz on a 4-5 yr auto loan...find me a lease or 8-10 year loan that can.

Who cares about the consequences!! Hopefully that attitude in this country is finally coming to a bitter end. Shame the wealth of us hard working and intelligent folks who always do the right thing had to be destroyed as well along with that of the fools!


On Dec 26 05:56 PM Ricard wrote:

> I think it's been proven over the past 5 years that the gullible
> person is the one that looks only at payment, not price. Else, how
> can you explain option ARMs, or ARMs in general? That is actually
> the problem in America - most are addicted to the monthly payment
> plan, and most are willing to mortgage their future earnings for
> present rewards, damn the cost.
>
> A banker's perspective would be to look at area cap rates, and see
> if they are sustainable. Then, they would compare with their own
> cost of lending. It's all a business at that end, and the economics,
> at least in the bubble zones, are still absolutely horrendous. <br/>
>
> To even suggest that anyone in the housing market would even consider
> ignoring either price or rate is the hallmark of stupidity. Both
> must be considered, and either can make or break a deal. America's
> problem, and indeed most of the world's (in regards to real estate),
> is that they ignored price to their own peril.