iknoknot

U.S. Is Playing Financial Dominoes

agreeing with the author and comments:

Equities may have a stuff-like book value, but they're clearly at the mercy of a market filled with agendas driven by extreme leverage and panic. Not good 'stuff' to buy right now. Too many unknowns and very volatile.

Consider 'stuff' that can be bartered. consider 'stuff' that supplies things you are known to consume (e.g. solar-panels to make your electricity and warm your water). Consider tools for productivity as 'stuff'. Hell, consider 'stuff' that simply makes your life better for a while - it's probably gonna get tough out there for a while. Paying that all back with inflated dollars seems prudent...

If I were loaning money, I'd be raising interest rates, knowing what those future dollars are likely to be worth.

a good read - thanks,

--ikk