Firstly, congratulations to Bubblesitter on your calls on the “risk averse” thread. Looks like you should have done alright for yourself over the past couple of years. 🙂
Secondly, many housing bears were scoffed at (like Peter Schiff) when they were calling the housing market a bubble back in the 2001-2005 timeframe. IMHO, they were early **and correct.** Unlike some, I think getting your money out of a risky market that is peaking is more important than trying to extract the very last dollar during a bull run.
I’ve long been a deflationist, and still think we are going to see severe deflationary effects going forward. In the meantime, there are inflationary forces that are very likely to cause a currency crisis before this is all over, IMHO. IOW, there is no easy answer, and the people who make the correct calls all the way through this debacle will be very few and far between.
