[quote=socrattt]Fluw, by no means was I taking your comment as an endorsement. I don’t believe in politics these days either and I am in the same position as you. I have been blessed in the form of business over the last few years and I did what very few did, saved my money. While friends were speaking of enormous potential of profits in buying a home, I laughed.
My next question would be when does the EU take over this government and when will oil be converted to the Euro? Scary thoughts but probably not far from reality. [/quote]
You know, I’m gonna sound too optimistic here for the piggington board. But I really don’t think U.S. is all doom and gloom. If you stop and think about it, U.S. (while it is currently screwed up) is more integrated with the world than you think.
If you travelled to Europe lately, the first thing you’d notice is the european markets are getting trashed. Again, all those people that got out of the U.S. stock market and took cover in european markets would tell you if their still in those mutual funds today, they’re seeing just as big of a correction (if not larger especially in emerging markets) than here. I was in spain recently, and even with the weak dollar versus Euro, you could find good deals.
Also, I’m counting on the more youthful generation (such as yourself) to get us out of this mess. Generally, you folks are smarter than us, you actually care more about the environment and society than us, so I have hope you folks will do the right things (unlike my ancestors). You folks will just have to learn how to out smart, out innovate all those folks from India,China,Europe,etc. It’s been done before, it’ll happen again.
Trivial fact: why must all pilots that fly must speak english? Think about it.
Anyway, things are pretty screwed up right now. No doubt. But it’s actually a good thing for younger people. Which would you rather have. A $100/share stock hoping for a $100/share price. Or a $10/share price with the opportunity to see a $50/share over the next decade.
I’m kinda envious of the younger generation. Because you folks are gonna have an opportunity that so many of us Generation X’ers didn’t have. You won’t have highly inflated asset prices. You’ve avoided the stock market bubble, you avoided the housing bubble. Both equity and housing is going to be at the floor for you to pick up. What more can you ask for? It’s a great time to be young!
