LeeCarlson

Currency, Debt and Stock Markets Point to 'Interesting Times'

FOR WHAT IT'S WORTH,...I COULD NEVER SEE THE WISDOM IN BUYING GOLD OR GOLD STOCKS.
ONE CAN'T GO INTO A GROCERY STORE AND BUY BREAD WITH A GOLD COIN ! AT LEAST NOT YET !
IT'S PURELY GAMBLING !... BUYING COPPER, SILVER, PLATINUM, ETC. MAKES SOME SENSE BECAUSE THEY ARE COMMONLY USED IN MANUFACTURING . GOLD, LIKE THE STOCK MARKET IN GENERAL, HAS ALWAYS BEEN A GAMBLE TO A CERTAIN EXTENT, BUT STOCKS LIKE THE UTILITIES, ENERGY, ( OIL AND GAS ) AND THE RELATED INDUSTRIES, PIPELINES, REFINING, ETC. ARE ALWAYS GOING TO BE STABLE,
AS MUCH AS COCA COLA !
UNFORTUNATELY, INVESTORS HAVE A "HEARD" MENTALITY AND WHEN THEY GOT BURNED IN THE LATE 90'S STOCK MARKET , ..THEY TURNED TO HOUSING, BECAUSE THAT'S VERY STABLE, ..RIGHT ?
IT'S "RIGHT" WHEN THEY BUY PROPERTY THAT WILL GIVE THEM A RETURN ON THEIR INVESTMENT, BUT THEY OVERPAID TREMENDOUSLY AND TRIED TO "FLIP" PROPERTIES LIKE THE REAL PROS. AND THEY ALL GOT BURNED, REALLY BAD IN MOST CASES ! NOW THE MARKET IS TRYING TO RE-ADJUST TO REALITY
AND THERE IS SO MUCH REAL ESTATE ON THE MARKET NOW THAT IS STILL OVERPRICED,..SO MUCH SO THAT IT WILL TAKE YEARS TO REALLY RE-ADJUST !
TAKE IT FROM ME, AFTER 26 YEARS IN THE BUSINESS OF REAL ESTATE SALES, BETWEEN MORTGAGE BROKERS LOW INTRODUCTORY RATES, .. THE OVER PAID PROPERTIES ARE GOING TO TAKE A LOT OF INVESTORS DOWN ! WAY DOWN,....! THE DEMAND IS VIRTUALLY GONE ! MAKING THE PROBLEM EVEN WORSE IS THE FACT THAT THE HIGH PRICES PAID FOR REAL ESTATE ALSO DROVE UP TAXES AND INSURANCE MAKING IT EVEN MORE DIFFICULT TO "DUMP" THE BAD INVBESTMENTS.
INVESTORS NEED TO TRULY RESEARCH THEIR INVESTMENT STRATEGIES BEFORE MAKING THOSE INVESTMENTS.
FINALLY,..GOVERNMENT POLICIES OF TAX AND SPEND HAVE REACHED THE POINT THAT THE DOLLAR IS BECOMING VERY WEAK, MEANS THAT FOREIGN INVESTORS ARE GOING TO BE THE NEXT GROUP TO INVADE THE COUNTRY. THEY WILL START OWNING EVERYTHING AND WILL FORCE OUR DOMESTIC COSTS UP AGAIN ! OUR ONLY HOPE IS A RADICAL CHANGE IN GOV. POLICY THAT WILL INSIST ON "FAIR TRADE",..NOT JUST A TRADE POLICY THAT FAVORS EVERY COUNTRY BUT OURS !
DON'T BELIEVE ME ??,..JUST LOOK AT THE VALUE OF THE EURO AND THE CANADIAN DOLLAR, AS COMPARED TO 5 YEARS AGO. THAT'S OUR FUTURE GUYS !!!
SINCERELY,
LEE CARLSON, SPRING HILL, FL