Our focus on the housing market is no longer!

[socrattt]

It is pretty scary that everyone on this board who has been focused on the housing bubble over the last few years has now shifted their focus on the future of this government.

What we all just saw happen in the last week was something that should’ve happened over years if there was a smart plan to save this economy. I truly believe that everyone reading this information posted from so many different opinions and sources on Piggington should be taken to heart.

This system is in big trouble and as we continue to take tax payers dollars to pay for the ignorance of so many people, we can really start to see how greed has single handedly destroyed our economy.

The scariest part of this whole situation is so few people really understand the ramifications of what is going on right now. This country has so many oblivious people who don’t seem to be concerned. I believe those that prepare for some sort of catastrophic financial event in the next couple of years will be steps ahead of the game.

The hardest part about this type of event is none of us were ever taught what to do in this type of situation in school. I have been in a state of confusion with my finances. I have been a firm believer in commodities, but even that has gone through a serious correction due to some market manipulation.

I think us Pigs need to do some research and put some ideas together of safe havens for our fast declining dollar. I have no clue what currencies are not reliant on the dollar, nor do I know what banks, minus a few names, actually seem to have some stability. Hopefully this post can draw up some ideas that might help us all.

[34f3f3f]

Socrattt, I with you all the way here, but I would add ‘ignorance’ to the list of direct causes for economic woes. Looking at the big picture, the declining US manufacturing base has led to an over reliance on the financial services industry. The volatility of financial services is being felt primarily because it is neither understood sufficiently, nor regulated enough in order to tame it’s unpredictable nature. Let’s hope this costly mistake will be a constant reminder, that the US needs to overhaul how it does business in the broad sense of the word.

[34f3f3f]

Socrattt, I with you all the way here, but I would add ‘ignorance’ to the list of direct causes for economic woes. Looking at the big picture, the declining US manufacturing base has led to an over reliance on the financial services industry. The volatility of financial services is being felt primarily because it is neither understood sufficiently, nor regulated enough in order to tame it’s unpredictable nature. Let’s hope this costly mistake will be a constant reminder, that the US needs to overhaul how it does business in the broad sense of the word.

[34f3f3f]

Socrattt, I with you all the way here, but I would add ‘ignorance’ to the list of direct causes for economic woes. Looking at the big picture, the declining US manufacturing base has led to an over reliance on the financial services industry. The volatility of financial services is being felt primarily because it is neither understood sufficiently, nor regulated enough in order to tame it’s unpredictable nature. Let’s hope this costly mistake will be a constant reminder, that the US needs to overhaul how it does business in the broad sense of the word.

[34f3f3f]

Socrattt, I with you all the way here, but I would add ‘ignorance’ to the list of direct causes for economic woes. Looking at the big picture, the declining US manufacturing base has led to an over reliance on the financial services industry. The volatility of financial services is being felt primarily because it is neither understood sufficiently, nor regulated enough in order to tame it’s unpredictable nature. Let’s hope this costly mistake will be a constant reminder, that the US needs to overhaul how it does business in the broad sense of the word.

[34f3f3f]

Socrattt, I with you all the way here, but I would add ‘ignorance’ to the list of direct causes for economic woes. Looking at the big picture, the declining US manufacturing base has led to an over reliance on the financial services industry. The volatility of financial services is being felt primarily because it is neither understood sufficiently, nor regulated enough in order to tame it’s unpredictable nature. Let’s hope this costly mistake will be a constant reminder, that the US needs to overhaul how it does business in the broad sense of the word.

[peterb]

Good topic! I agree, the economy has now come to the front of the line. This should tell something to anyone considering buying RE right now. We’re in systemic trouble. All assets got too expensive over the last 5 years. We have seen no real wage increases over this time as well. And the future for wage increases looks terrible as unemployment is rising. Demand is headed down fast for everything but essential items like food and energy. A global recession is at hand. As the US govt takes on more debt, it is destabilizing the US$. This will probably devalue the US$ over time.

So what have we got?

1)Frozen to declinging wages and constricting credit.
2)Govt increasing debt to amazing levels.(weak US$)
3)Over priced assets.(IMO)

If the consumer is really 70% of the US economy, then the economy is defacto “tapped out”. And headed downward.

It looks like the US cant increase demand, so prices should not be going up here.
If the rest of the world is going to recession, then it wont increase demand either.

This scenario tells me to put my wealth into a place that’s a decent store of value and wait for the melt-down to complete its course. Looking to buy down the road. So the question for me is, what store of value will hang on here? Any answers?

Feel free to shot holes in this and come up with other ideas as I am looking for answers and leaving my ego at the door.

Thanks

[peterb]

Good topic! I agree, the economy has now come to the front of the line. This should tell something to anyone considering buying RE right now. We’re in systemic trouble. All assets got too expensive over the last 5 years. We have seen no real wage increases over this time as well. And the future for wage increases looks terrible as unemployment is rising. Demand is headed down fast for everything but essential items like food and energy. A global recession is at hand. As the US govt takes on more debt, it is destabilizing the US$. This will probably devalue the US$ over time.

So what have we got?

1)Frozen to declinging wages and constricting credit.
2)Govt increasing debt to amazing levels.(weak US$)
3)Over priced assets.(IMO)

If the consumer is really 70% of the US economy, then the economy is defacto “tapped out”. And headed downward.

It looks like the US cant increase demand, so prices should not be going up here.
If the rest of the world is going to recession, then it wont increase demand either.

This scenario tells me to put my wealth into a place that’s a decent store of value and wait for the melt-down to complete its course. Looking to buy down the road. So the question for me is, what store of value will hang on here? Any answers?

Feel free to shot holes in this and come up with other ideas as I am looking for answers and leaving my ego at the door.

Thanks

[peterb]

Good topic! I agree, the economy has now come to the front of the line. This should tell something to anyone considering buying RE right now. We’re in systemic trouble. All assets got too expensive over the last 5 years. We have seen no real wage increases over this time as well. And the future for wage increases looks terrible as unemployment is rising. Demand is headed down fast for everything but essential items like food and energy. A global recession is at hand. As the US govt takes on more debt, it is destabilizing the US$. This will probably devalue the US$ over time.

So what have we got?

1)Frozen to declinging wages and constricting credit.
2)Govt increasing debt to amazing levels.(weak US$)
3)Over priced assets.(IMO)

If the consumer is really 70% of the US economy, then the economy is defacto “tapped out”. And headed downward.

It looks like the US cant increase demand, so prices should not be going up here.
If the rest of the world is going to recession, then it wont increase demand either.

This scenario tells me to put my wealth into a place that’s a decent store of value and wait for the melt-down to complete its course. Looking to buy down the road. So the question for me is, what store of value will hang on here? Any answers?

Feel free to shot holes in this and come up with other ideas as I am looking for answers and leaving my ego at the door.

Thanks

[peterb]

Good topic! I agree, the economy has now come to the front of the line. This should tell something to anyone considering buying RE right now. We’re in systemic trouble. All assets got too expensive over the last 5 years. We have seen no real wage increases over this time as well. And the future for wage increases looks terrible as unemployment is rising. Demand is headed down fast for everything but essential items like food and energy. A global recession is at hand. As the US govt takes on more debt, it is destabilizing the US$. This will probably devalue the US$ over time.

So what have we got?

1)Frozen to declinging wages and constricting credit.
2)Govt increasing debt to amazing levels.(weak US$)
3)Over priced assets.(IMO)

If the consumer is really 70% of the US economy, then the economy is defacto “tapped out”. And headed downward.

It looks like the US cant increase demand, so prices should not be going up here.
If the rest of the world is going to recession, then it wont increase demand either.

This scenario tells me to put my wealth into a place that’s a decent store of value and wait for the melt-down to complete its course. Looking to buy down the road. So the question for me is, what store of value will hang on here? Any answers?

Feel free to shot holes in this and come up with other ideas as I am looking for answers and leaving my ego at the door.

Thanks

[peterb]

Good topic! I agree, the economy has now come to the front of the line. This should tell something to anyone considering buying RE right now. We’re in systemic trouble. All assets got too expensive over the last 5 years. We have seen no real wage increases over this time as well. And the future for wage increases looks terrible as unemployment is rising. Demand is headed down fast for everything but essential items like food and energy. A global recession is at hand. As the US govt takes on more debt, it is destabilizing the US$. This will probably devalue the US$ over time.

So what have we got?

1)Frozen to declinging wages and constricting credit.
2)Govt increasing debt to amazing levels.(weak US$)
3)Over priced assets.(IMO)

If the consumer is really 70% of the US economy, then the economy is defacto “tapped out”. And headed downward.

It looks like the US cant increase demand, so prices should not be going up here.
If the rest of the world is going to recession, then it wont increase demand either.

This scenario tells me to put my wealth into a place that’s a decent store of value and wait for the melt-down to complete its course. Looking to buy down the road. So the question for me is, what store of value will hang on here? Any answers?

Feel free to shot holes in this and come up with other ideas as I am looking for answers and leaving my ego at the door.

Thanks

[Geedup]

They should remake the film “Weekend at Bernies” but instead they should call it “Weekend at Bernake’s”

You know the 1989 film where two guys prop up a dead guy and party with him all weekend and pretend he is alive to maintain apperances and use his beach front pad and have one last wild party?

[img_assist|nid=8960|title=Weekend|desc=|link=node|align=left|width=180|height=259]

Well that is what is happening to Casino Wall Street right now…

[Geedup]

They should remake the film “Weekend at Bernies” but instead they should call it “Weekend at Bernake’s”

You know the 1989 film where two guys prop up a dead guy and party with him all weekend and pretend he is alive to maintain apperances and use his beach front pad and have one last wild party?

[img_assist|nid=8960|title=Weekend|desc=|link=node|align=left|width=180|height=259]

Well that is what is happening to Casino Wall Street right now…

[Geedup]

They should remake the film “Weekend at Bernies” but instead they should call it “Weekend at Bernake’s”

You know the 1989 film where two guys prop up a dead guy and party with him all weekend and pretend he is alive to maintain apperances and use his beach front pad and have one last wild party?

[img_assist|nid=8960|title=Weekend|desc=|link=node|align=left|width=180|height=259]

Well that is what is happening to Casino Wall Street right now…

[Geedup]

They should remake the film “Weekend at Bernies” but instead they should call it “Weekend at Bernake’s”

You know the 1989 film where two guys prop up a dead guy and party with him all weekend and pretend he is alive to maintain apperances and use his beach front pad and have one last wild party?

[img_assist|nid=8960|title=Weekend|desc=|link=node|align=left|width=180|height=259]

Well that is what is happening to Casino Wall Street right now…

[Author]

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