Please comment!!!

[luxuryglow]

I came across this article and scared me really! Let me know your input. Thanks!
http://www.atlanticfreepress.com/index.php?option=com_content&task=view&id=3311&Itemid=81

http://www.atlanticfreepress.com/index.php?option=com_content&task=view&id=3311&Itemid=81

[kewp]

Wow, that really coalesced many of the feelings I’ve had about our country over the last few years. I can’t say I can really disagree with any of it in a major way.

I will comment that many of our problems are due to our incompetent administration. Getting out of Iraq and reversing the tax cuts will do much to get us back on track.

The major point that needs to be made is that our country has historically rallied during times of crisis, so I see no reason we won’t again.

Personally, I’ll be glad to see the age of over-consumption come to an end.

[drunkle]

jesus. i’m going to have to rent the ring or something just to keep from having nightmares now.

[drunkle]

jesus. i’m going to have to rent the ring or something just to keep from having nightmares now.

[drunkle]

jesus. i’m going to have to rent the ring or something just to keep from having nightmares now.

[drunkle]

jesus. i’m going to have to rent the ring or something just to keep from having nightmares now.

[drunkle]

jesus. i’m going to have to rent the ring or something just to keep from having nightmares now.

[kewp]

Wow, that really coalesced many of the feelings I’ve had about our country over the last few years. I can’t say I can really disagree with any of it in a major way.

I will comment that many of our problems are due to our incompetent administration. Getting out of Iraq and reversing the tax cuts will do much to get us back on track.

The major point that needs to be made is that our country has historically rallied during times of crisis, so I see no reason we won’t again.

Personally, I’ll be glad to see the age of over-consumption come to an end.

[kewp]

Wow, that really coalesced many of the feelings I’ve had about our country over the last few years. I can’t say I can really disagree with any of it in a major way.

I will comment that many of our problems are due to our incompetent administration. Getting out of Iraq and reversing the tax cuts will do much to get us back on track.

The major point that needs to be made is that our country has historically rallied during times of crisis, so I see no reason we won’t again.

Personally, I’ll be glad to see the age of over-consumption come to an end.

[kewp]

Wow, that really coalesced many of the feelings I’ve had about our country over the last few years. I can’t say I can really disagree with any of it in a major way.

I will comment that many of our problems are due to our incompetent administration. Getting out of Iraq and reversing the tax cuts will do much to get us back on track.

The major point that needs to be made is that our country has historically rallied during times of crisis, so I see no reason we won’t again.

Personally, I’ll be glad to see the age of over-consumption come to an end.

[kewp]

Wow, that really coalesced many of the feelings I’ve had about our country over the last few years. I can’t say I can really disagree with any of it in a major way.

I will comment that many of our problems are due to our incompetent administration. Getting out of Iraq and reversing the tax cuts will do much to get us back on track.

The major point that needs to be made is that our country has historically rallied during times of crisis, so I see no reason we won’t again.

Personally, I’ll be glad to see the age of over-consumption come to an end.

[asragov]

Without the political commentary, you can read similar material at:

http://www.rgemonitor.com/blog/roubini/242290 (well-regarded economist Nouriel Roubini)

Barton Biggs, former chief strategist at Morgan Stanley, advises “buying a remote farm or ranch and stocking it with “seed, fertilizer, canned food, wine, medicine, clothes, etc.” The “etc.” must mean guns.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aImBVle3OMyo

The bears are rather bearish ….

[asragov]

Without the political commentary, you can read similar material at:

http://www.rgemonitor.com/blog/roubini/242290 (well-regarded economist Nouriel Roubini)

Barton Biggs, former chief strategist at Morgan Stanley, advises “buying a remote farm or ranch and stocking it with “seed, fertilizer, canned food, wine, medicine, clothes, etc.” The “etc.” must mean guns.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aImBVle3OMyo

The bears are rather bearish ….

[asragov]

Without the political commentary, you can read similar material at:

http://www.rgemonitor.com/blog/roubini/242290 (well-regarded economist Nouriel Roubini)

Barton Biggs, former chief strategist at Morgan Stanley, advises “buying a remote farm or ranch and stocking it with “seed, fertilizer, canned food, wine, medicine, clothes, etc.” The “etc.” must mean guns.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aImBVle3OMyo

The bears are rather bearish ….

[asragov]

Without the political commentary, you can read similar material at:

http://www.rgemonitor.com/blog/roubini/242290 (well-regarded economist Nouriel Roubini)

Barton Biggs, former chief strategist at Morgan Stanley, advises “buying a remote farm or ranch and stocking it with “seed, fertilizer, canned food, wine, medicine, clothes, etc.” The “etc.” must mean guns.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aImBVle3OMyo

The bears are rather bearish ….

[asragov]

Without the political commentary, you can read similar material at:

http://www.rgemonitor.com/blog/roubini/242290 (well-regarded economist Nouriel Roubini)

Barton Biggs, former chief strategist at Morgan Stanley, advises “buying a remote farm or ranch and stocking it with “seed, fertilizer, canned food, wine, medicine, clothes, etc.” The “etc.” must mean guns.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aImBVle3OMyo

The bears are rather bearish ….

[cashflow]

Thanks for that! That’s beyond bearish…I see the possibility of it getting that bad, but just can’t believe it. In any case thanks for the wake up call again for me to get my assets a bit better protected…guess like everyone else, I’m a bit frozen in not knowing where to park the cash…..

[SD Realtor]

Yeah to me this falls into one of those be careful what you wish for messages…

I posted recently on that theme, be careful what you wish for and the feedback to me was that everyone was pretty happy with “a much needed adjustment”. There were a few “I will be okay” posts and the “I am positioned well” thoughts. There were also a couple “bring it ons”, and of course there was one or two, “I am okay with x% unemployment.” I guess I am okay with those rather minor events. Hey I have a job, (actually two of them) I have a few hundred k in cds and such, have all my ducks lined up right? I have my rental properties and I currently rent so I am good. What do I have to worry about right?

However when very intelligent people start posing more anarchistic scenarios, frankly it scares the crap out of me. Thinking that everything can go to crap around me and I will be just fine is foolhearty… Yeah like I will just walk to my banks and withdraw all my cash because I outsmarted everyone.

This article points out that isn’t how it works if the worst case does happen. I think some of those that are hoping for a downturn, (like myself) are doing so with a hell of alot more trepidation then bravado.

I REALLY REALLY hope this guy is wrong.

SD Realtor

[4plexowner]

I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.

~

Another quip I came across recently:

Q: Aren’t there still new millionaires created during a recession/depression?

A: Yes. Typically they start as multi-millionaires.

[4plexowner]

I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.

~

Another quip I came across recently:

Q: Aren’t there still new millionaires created during a recession/depression?

A: Yes. Typically they start as multi-millionaires.

[4plexowner]

I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.

~

Another quip I came across recently:

Q: Aren’t there still new millionaires created during a recession/depression?

A: Yes. Typically they start as multi-millionaires.

[4plexowner]

I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.

~

Another quip I came across recently:

Q: Aren’t there still new millionaires created during a recession/depression?

A: Yes. Typically they start as multi-millionaires.

[4plexowner]

I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.

~

Another quip I came across recently:

Q: Aren’t there still new millionaires created during a recession/depression?

A: Yes. Typically they start as multi-millionaires.

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[patientrenter]

SDR, I confess I didn’t read the originally referenced, apparently apocalyptic, article. But I have read the Nouriel Roubini article describing the economic bogeyman the Fed is afraid of.

I think we are a very, very long way from Nouriel’s (hypothetical) scenario. We’re doing way, way better than 1974-1981, and that’s way better than the Nouriel Roubini lights-out scenario. We can have a 50-60% drop in real estate and stock prices, and still not be close to the Roubini scenario. I think we could really use a 50-60% drop in most asset prices, and we’d be doing well 10 years from now if that asset price deflation was allowed to happen quickly, with casualties.

Patient renter in OC

[patientrenter]

SDR, I confess I didn’t read the originally referenced, apparently apocalyptic, article. But I have read the Nouriel Roubini article describing the economic bogeyman the Fed is afraid of.

I think we are a very, very long way from Nouriel’s (hypothetical) scenario. We’re doing way, way better than 1974-1981, and that’s way better than the Nouriel Roubini lights-out scenario. We can have a 50-60% drop in real estate and stock prices, and still not be close to the Roubini scenario. I think we could really use a 50-60% drop in most asset prices, and we’d be doing well 10 years from now if that asset price deflation was allowed to happen quickly, with casualties.

Patient renter in OC

[patientrenter]

SDR, I confess I didn’t read the originally referenced, apparently apocalyptic, article. But I have read the Nouriel Roubini article describing the economic bogeyman the Fed is afraid of.

I think we are a very, very long way from Nouriel’s (hypothetical) scenario. We’re doing way, way better than 1974-1981, and that’s way better than the Nouriel Roubini lights-out scenario. We can have a 50-60% drop in real estate and stock prices, and still not be close to the Roubini scenario. I think we could really use a 50-60% drop in most asset prices, and we’d be doing well 10 years from now if that asset price deflation was allowed to happen quickly, with casualties.

Patient renter in OC

[patientrenter]

SDR, I confess I didn’t read the originally referenced, apparently apocalyptic, article. But I have read the Nouriel Roubini article describing the economic bogeyman the Fed is afraid of.

I think we are a very, very long way from Nouriel’s (hypothetical) scenario. We’re doing way, way better than 1974-1981, and that’s way better than the Nouriel Roubini lights-out scenario. We can have a 50-60% drop in real estate and stock prices, and still not be close to the Roubini scenario. I think we could really use a 50-60% drop in most asset prices, and we’d be doing well 10 years from now if that asset price deflation was allowed to happen quickly, with casualties.

Patient renter in OC

[patientrenter]

SDR, I confess I didn’t read the originally referenced, apparently apocalyptic, article. But I have read the Nouriel Roubini article describing the economic bogeyman the Fed is afraid of.

I think we are a very, very long way from Nouriel’s (hypothetical) scenario. We’re doing way, way better than 1974-1981, and that’s way better than the Nouriel Roubini lights-out scenario. We can have a 50-60% drop in real estate and stock prices, and still not be close to the Roubini scenario. I think we could really use a 50-60% drop in most asset prices, and we’d be doing well 10 years from now if that asset price deflation was allowed to happen quickly, with casualties.

Patient renter in OC

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[ucodegen]

@SD Realtor

I REALLY REALLY hope this guy is wrong.

He is. There are definite problems we will have to deal with, but I think he is way over sensationalizing. He obviously has not studied our country very well. He does not understand how this country works when under extreme adversity.

At the founding of this country:
We get pissed of at the British on the taxation and denial of civil rights… grab our squirrel guns and take on what was at that time, one of the strongest military forces of its day… and won.

WW II
Lusitania was part of what got us involved.. and the US involvement largely changed the course of the war.

Japan attacks us in Pearl Harbor without warning (before their Embassy delivers the Declaration of War), sinking a large part of our Naval ships. Result, first use of Nuclear bombs.. twice. Japan surrender signed on board US military ship in part to make it understood that this was not a negotiated surrender but an all out surrender.

Sept 11..
4th plane, people get pissed and take on the hijackers. Plane does not make it to its target. Unknown whether flown into ground or shot down by pursuing Military fighter jets. John Reid (shoe bomber) tries the hotshoe routine and it quite forcibly restrained. We attack 2 countries, defeat both.

What ends up happening to the US in disaster is that we have a period of grieving and sadness.. followed by getting really pissed off. There is still a bit of “Don’t Tread On Me” mentality within this country.. (part example is our resistance to gun control despite some aspects of danger that this may create)

I do think that the RE/economy problem is one of our own creation. Unfortunately, there has not been very honest reporting on the causes. Too much ‘feel sorry for this speculator‘ from the media. Of course the media does not do the background work and does not mention that the poor person is a speculator caught by their own greed.

It kind of reminds me of a story of an Indian (from India) technique to catch a monkey. Put some food in a narrow neck jar attached to a chain, where the neck is just wide enough to let the food or a monkey’s hand when not clenched get through. The monkey reaches in and grabs food but can’t get both hand and food out. The monkey refuses to let go of the food.. and therefore is trapped.

[Fearful]

You are right that Americans are a fierce and resourceful people, and rise to the occasion.

In this case, I think this applies well to our situation. Homeowners will defiantly raise their middle fingers to the banks holding their mortgages.

[Fearful]

You are right that Americans are a fierce and resourceful people, and rise to the occasion.

In this case, I think this applies well to our situation. Homeowners will defiantly raise their middle fingers to the banks holding their mortgages.

[Fearful]

You are right that Americans are a fierce and resourceful people, and rise to the occasion.

In this case, I think this applies well to our situation. Homeowners will defiantly raise their middle fingers to the banks holding their mortgages.

[Fearful]

You are right that Americans are a fierce and resourceful people, and rise to the occasion.

In this case, I think this applies well to our situation. Homeowners will defiantly raise their middle fingers to the banks holding their mortgages.

[Fearful]

You are right that Americans are a fierce and resourceful people, and rise to the occasion.

In this case, I think this applies well to our situation. Homeowners will defiantly raise their middle fingers to the banks holding their mortgages.

[Allan from Fallbrook]

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

[Casca]

He’s been on Oprah? Then it must be true.

Pull out of Iraq? Anyone who thinks that is a viable answer lacks a basic understanding of history, and how the world works. Thank your teacher, and Oprah.

[Casca]

He’s been on Oprah? Then it must be true.

Pull out of Iraq? Anyone who thinks that is a viable answer lacks a basic understanding of history, and how the world works. Thank your teacher, and Oprah.

[Casca]

He’s been on Oprah? Then it must be true.

Pull out of Iraq? Anyone who thinks that is a viable answer lacks a basic understanding of history, and how the world works. Thank your teacher, and Oprah.

[Casca]

He’s been on Oprah? Then it must be true.

Pull out of Iraq? Anyone who thinks that is a viable answer lacks a basic understanding of history, and how the world works. Thank your teacher, and Oprah.

[Casca]

He’s been on Oprah? Then it must be true.

Pull out of Iraq? Anyone who thinks that is a viable answer lacks a basic understanding of history, and how the world works. Thank your teacher, and Oprah.

[ucodegen]

@Allen

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

My mistake on WWI.. I was wondering about it when I wrote it.

[Anonymous]

I agree that some of the doomers have some really good points. And I get scared at times reading their stuff…partially because it makes a lot of sense. But for every Mad Max scenario, there are so many alternatives that would prevent such a scenario. I guess I just have too much faith in Americans if we would really be put to the test.

[Anonymous]

I agree that some of the doomers have some really good points. And I get scared at times reading their stuff…partially because it makes a lot of sense. But for every Mad Max scenario, there are so many alternatives that would prevent such a scenario. I guess I just have too much faith in Americans if we would really be put to the test.

[Anonymous]

I agree that some of the doomers have some really good points. And I get scared at times reading their stuff…partially because it makes a lot of sense. But for every Mad Max scenario, there are so many alternatives that would prevent such a scenario. I guess I just have too much faith in Americans if we would really be put to the test.

[Anonymous]

I agree that some of the doomers have some really good points. And I get scared at times reading their stuff…partially because it makes a lot of sense. But for every Mad Max scenario, there are so many alternatives that would prevent such a scenario. I guess I just have too much faith in Americans if we would really be put to the test.

[Anonymous]

I agree that some of the doomers have some really good points. And I get scared at times reading their stuff…partially because it makes a lot of sense. But for every Mad Max scenario, there are so many alternatives that would prevent such a scenario. I guess I just have too much faith in Americans if we would really be put to the test.

[ucodegen]

@Allen

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

My mistake on WWI.. I was wondering about it when I wrote it.

[ucodegen]

@Allen

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

My mistake on WWI.. I was wondering about it when I wrote it.

[ucodegen]

@Allen

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

My mistake on WWI.. I was wondering about it when I wrote it.

[ucodegen]

@Allen

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

My mistake on WWI.. I was wondering about it when I wrote it.

[Allan from Fallbrook]

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

[Allan from Fallbrook]

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

[Allan from Fallbrook]

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

[Allan from Fallbrook]

ucodegen: Lusitania being torpedoed was WWI, not WWII. That event was what brought us into WWI, just as Pearl Harbor brought us into WWII.

[ucodegen]

@SD Realtor

I REALLY REALLY hope this guy is wrong.

He is. There are definite problems we will have to deal with, but I think he is way over sensationalizing. He obviously has not studied our country very well. He does not understand how this country works when under extreme adversity.

At the founding of this country:
We get pissed of at the British on the taxation and denial of civil rights… grab our squirrel guns and take on what was at that time, one of the strongest military forces of its day… and won.

WW II
Lusitania was part of what got us involved.. and the US involvement largely changed the course of the war.

Japan attacks us in Pearl Harbor without warning (before their Embassy delivers the Declaration of War), sinking a large part of our Naval ships. Result, first use of Nuclear bombs.. twice. Japan surrender signed on board US military ship in part to make it understood that this was not a negotiated surrender but an all out surrender.

Sept 11..
4th plane, people get pissed and take on the hijackers. Plane does not make it to its target. Unknown whether flown into ground or shot down by pursuing Military fighter jets. John Reid (shoe bomber) tries the hotshoe routine and it quite forcibly restrained. We attack 2 countries, defeat both.

What ends up happening to the US in disaster is that we have a period of grieving and sadness.. followed by getting really pissed off. There is still a bit of “Don’t Tread On Me” mentality within this country.. (part example is our resistance to gun control despite some aspects of danger that this may create)

I do think that the RE/economy problem is one of our own creation. Unfortunately, there has not been very honest reporting on the causes. Too much ‘feel sorry for this speculator‘ from the media. Of course the media does not do the background work and does not mention that the poor person is a speculator caught by their own greed.

It kind of reminds me of a story of an Indian (from India) technique to catch a monkey. Put some food in a narrow neck jar attached to a chain, where the neck is just wide enough to let the food or a monkey’s hand when not clenched get through. The monkey reaches in and grabs food but can’t get both hand and food out. The monkey refuses to let go of the food.. and therefore is trapped.

[ucodegen]

@SD Realtor

I REALLY REALLY hope this guy is wrong.

He is. There are definite problems we will have to deal with, but I think he is way over sensationalizing. He obviously has not studied our country very well. He does not understand how this country works when under extreme adversity.

At the founding of this country:
We get pissed of at the British on the taxation and denial of civil rights… grab our squirrel guns and take on what was at that time, one of the strongest military forces of its day… and won.

WW II
Lusitania was part of what got us involved.. and the US involvement largely changed the course of the war.

Japan attacks us in Pearl Harbor without warning (before their Embassy delivers the Declaration of War), sinking a large part of our Naval ships. Result, first use of Nuclear bombs.. twice. Japan surrender signed on board US military ship in part to make it understood that this was not a negotiated surrender but an all out surrender.

Sept 11..
4th plane, people get pissed and take on the hijackers. Plane does not make it to its target. Unknown whether flown into ground or shot down by pursuing Military fighter jets. John Reid (shoe bomber) tries the hotshoe routine and it quite forcibly restrained. We attack 2 countries, defeat both.

What ends up happening to the US in disaster is that we have a period of grieving and sadness.. followed by getting really pissed off. There is still a bit of “Don’t Tread On Me” mentality within this country.. (part example is our resistance to gun control despite some aspects of danger that this may create)

I do think that the RE/economy problem is one of our own creation. Unfortunately, there has not been very honest reporting on the causes. Too much ‘feel sorry for this speculator‘ from the media. Of course the media does not do the background work and does not mention that the poor person is a speculator caught by their own greed.

It kind of reminds me of a story of an Indian (from India) technique to catch a monkey. Put some food in a narrow neck jar attached to a chain, where the neck is just wide enough to let the food or a monkey’s hand when not clenched get through. The monkey reaches in and grabs food but can’t get both hand and food out. The monkey refuses to let go of the food.. and therefore is trapped.

[ucodegen]

@SD Realtor

I REALLY REALLY hope this guy is wrong.

He is. There are definite problems we will have to deal with, but I think he is way over sensationalizing. He obviously has not studied our country very well. He does not understand how this country works when under extreme adversity.

At the founding of this country:
We get pissed of at the British on the taxation and denial of civil rights… grab our squirrel guns and take on what was at that time, one of the strongest military forces of its day… and won.

WW II
Lusitania was part of what got us involved.. and the US involvement largely changed the course of the war.

Japan attacks us in Pearl Harbor without warning (before their Embassy delivers the Declaration of War), sinking a large part of our Naval ships. Result, first use of Nuclear bombs.. twice. Japan surrender signed on board US military ship in part to make it understood that this was not a negotiated surrender but an all out surrender.

Sept 11..
4th plane, people get pissed and take on the hijackers. Plane does not make it to its target. Unknown whether flown into ground or shot down by pursuing Military fighter jets. John Reid (shoe bomber) tries the hotshoe routine and it quite forcibly restrained. We attack 2 countries, defeat both.

What ends up happening to the US in disaster is that we have a period of grieving and sadness.. followed by getting really pissed off. There is still a bit of “Don’t Tread On Me” mentality within this country.. (part example is our resistance to gun control despite some aspects of danger that this may create)

I do think that the RE/economy problem is one of our own creation. Unfortunately, there has not been very honest reporting on the causes. Too much ‘feel sorry for this speculator‘ from the media. Of course the media does not do the background work and does not mention that the poor person is a speculator caught by their own greed.

It kind of reminds me of a story of an Indian (from India) technique to catch a monkey. Put some food in a narrow neck jar attached to a chain, where the neck is just wide enough to let the food or a monkey’s hand when not clenched get through. The monkey reaches in and grabs food but can’t get both hand and food out. The monkey refuses to let go of the food.. and therefore is trapped.

[ucodegen]

@SD Realtor

I REALLY REALLY hope this guy is wrong.

He is. There are definite problems we will have to deal with, but I think he is way over sensationalizing. He obviously has not studied our country very well. He does not understand how this country works when under extreme adversity.

At the founding of this country:
We get pissed of at the British on the taxation and denial of civil rights… grab our squirrel guns and take on what was at that time, one of the strongest military forces of its day… and won.

WW II
Lusitania was part of what got us involved.. and the US involvement largely changed the course of the war.

Japan attacks us in Pearl Harbor without warning (before their Embassy delivers the Declaration of War), sinking a large part of our Naval ships. Result, first use of Nuclear bombs.. twice. Japan surrender signed on board US military ship in part to make it understood that this was not a negotiated surrender but an all out surrender.

Sept 11..
4th plane, people get pissed and take on the hijackers. Plane does not make it to its target. Unknown whether flown into ground or shot down by pursuing Military fighter jets. John Reid (shoe bomber) tries the hotshoe routine and it quite forcibly restrained. We attack 2 countries, defeat both.

What ends up happening to the US in disaster is that we have a period of grieving and sadness.. followed by getting really pissed off. There is still a bit of “Don’t Tread On Me” mentality within this country.. (part example is our resistance to gun control despite some aspects of danger that this may create)

I do think that the RE/economy problem is one of our own creation. Unfortunately, there has not been very honest reporting on the causes. Too much ‘feel sorry for this speculator‘ from the media. Of course the media does not do the background work and does not mention that the poor person is a speculator caught by their own greed.

It kind of reminds me of a story of an Indian (from India) technique to catch a monkey. Put some food in a narrow neck jar attached to a chain, where the neck is just wide enough to let the food or a monkey’s hand when not clenched get through. The monkey reaches in and grabs food but can’t get both hand and food out. The monkey refuses to let go of the food.. and therefore is trapped.

[SD Realtor]

Yeah to me this falls into one of those be careful what you wish for messages…

I posted recently on that theme, be careful what you wish for and the feedback to me was that everyone was pretty happy with “a much needed adjustment”. There were a few “I will be okay” posts and the “I am positioned well” thoughts. There were also a couple “bring it ons”, and of course there was one or two, “I am okay with x% unemployment.” I guess I am okay with those rather minor events. Hey I have a job, (actually two of them) I have a few hundred k in cds and such, have all my ducks lined up right? I have my rental properties and I currently rent so I am good. What do I have to worry about right?

However when very intelligent people start posing more anarchistic scenarios, frankly it scares the crap out of me. Thinking that everything can go to crap around me and I will be just fine is foolhearty… Yeah like I will just walk to my banks and withdraw all my cash because I outsmarted everyone.

This article points out that isn’t how it works if the worst case does happen. I think some of those that are hoping for a downturn, (like myself) are doing so with a hell of alot more trepidation then bravado.

I REALLY REALLY hope this guy is wrong.

SD Realtor

[SD Realtor]

Yeah to me this falls into one of those be careful what you wish for messages…

I posted recently on that theme, be careful what you wish for and the feedback to me was that everyone was pretty happy with “a much needed adjustment”. There were a few “I will be okay” posts and the “I am positioned well” thoughts. There were also a couple “bring it ons”, and of course there was one or two, “I am okay with x% unemployment.” I guess I am okay with those rather minor events. Hey I have a job, (actually two of them) I have a few hundred k in cds and such, have all my ducks lined up right? I have my rental properties and I currently rent so I am good. What do I have to worry about right?

However when very intelligent people start posing more anarchistic scenarios, frankly it scares the crap out of me. Thinking that everything can go to crap around me and I will be just fine is foolhearty… Yeah like I will just walk to my banks and withdraw all my cash because I outsmarted everyone.

This article points out that isn’t how it works if the worst case does happen. I think some of those that are hoping for a downturn, (like myself) are doing so with a hell of alot more trepidation then bravado.

I REALLY REALLY hope this guy is wrong.

SD Realtor

[SD Realtor]

Yeah to me this falls into one of those be careful what you wish for messages…

I posted recently on that theme, be careful what you wish for and the feedback to me was that everyone was pretty happy with “a much needed adjustment”. There were a few “I will be okay” posts and the “I am positioned well” thoughts. There were also a couple “bring it ons”, and of course there was one or two, “I am okay with x% unemployment.” I guess I am okay with those rather minor events. Hey I have a job, (actually two of them) I have a few hundred k in cds and such, have all my ducks lined up right? I have my rental properties and I currently rent so I am good. What do I have to worry about right?

However when very intelligent people start posing more anarchistic scenarios, frankly it scares the crap out of me. Thinking that everything can go to crap around me and I will be just fine is foolhearty… Yeah like I will just walk to my banks and withdraw all my cash because I outsmarted everyone.

This article points out that isn’t how it works if the worst case does happen. I think some of those that are hoping for a downturn, (like myself) are doing so with a hell of alot more trepidation then bravado.

I REALLY REALLY hope this guy is wrong.

SD Realtor

[SD Realtor]

Yeah to me this falls into one of those be careful what you wish for messages…

I posted recently on that theme, be careful what you wish for and the feedback to me was that everyone was pretty happy with “a much needed adjustment”. There were a few “I will be okay” posts and the “I am positioned well” thoughts. There were also a couple “bring it ons”, and of course there was one or two, “I am okay with x% unemployment.” I guess I am okay with those rather minor events. Hey I have a job, (actually two of them) I have a few hundred k in cds and such, have all my ducks lined up right? I have my rental properties and I currently rent so I am good. What do I have to worry about right?

However when very intelligent people start posing more anarchistic scenarios, frankly it scares the crap out of me. Thinking that everything can go to crap around me and I will be just fine is foolhearty… Yeah like I will just walk to my banks and withdraw all my cash because I outsmarted everyone.

This article points out that isn’t how it works if the worst case does happen. I think some of those that are hoping for a downturn, (like myself) are doing so with a hell of alot more trepidation then bravado.

I REALLY REALLY hope this guy is wrong.

SD Realtor

[cashflow]

Thanks for that! That’s beyond bearish…I see the possibility of it getting that bad, but just can’t believe it. In any case thanks for the wake up call again for me to get my assets a bit better protected…guess like everyone else, I’m a bit frozen in not knowing where to park the cash…..

[cashflow]

Thanks for that! That’s beyond bearish…I see the possibility of it getting that bad, but just can’t believe it. In any case thanks for the wake up call again for me to get my assets a bit better protected…guess like everyone else, I’m a bit frozen in not knowing where to park the cash…..

[cashflow]

Thanks for that! That’s beyond bearish…I see the possibility of it getting that bad, but just can’t believe it. In any case thanks for the wake up call again for me to get my assets a bit better protected…guess like everyone else, I’m a bit frozen in not knowing where to park the cash…..

[cashflow]

Thanks for that! That’s beyond bearish…I see the possibility of it getting that bad, but just can’t believe it. In any case thanks for the wake up call again for me to get my assets a bit better protected…guess like everyone else, I’m a bit frozen in not knowing where to park the cash…..

[Pasadena Broker]

Good Lord

Is time for me to get that Honda full of silver and an AK-47?

[zk]

After 5 minutes of Googling, I’ve come to the conclusion that this Celente character doesn’t amount to much. The article brags about his prescience and his appearances on cable television. Well, anybody can claim to have predicted anything (or could have predicted 7 million different things and then bragged when 9 of them came true). And as far as cable tv, well, they let Tucker Carlson have his own damn show on cable tv. They’ll let any monkey in a tie spew random chunks of nonsense. And anyway none of his appearances on tv that I saw referenced on line were weightier than predicting the hot new trends in personal electronics.

[kev374]

Jim Cramer is hardly someone to take seriously. Everything that guy spouts is pure nonsense! I think the scenario in that article is greatly exaggerated. Yes, there is going to be economic turmoil ahead, perhaps difficult times but we will get through it.

[Aecetia]

One the bright side, oil and taxes are too high for most working people. On the not so bright side, this country is not used to the political instability, wide spread rioting and the brutish police state. As a person who does look at future trends, I am sure there are some kernels of truth in the article, such as anti-immigrant sentiment: “He predicts wage riots and anti-government street protests and intensified anti-immigration movements looking to scapegoat the “aliens” among us and toward the 1 percent of Americans who received 50 percent…” A lot of this scenario unfolding depends on how the government continues to deal with the economy and that depends on Congress and the election. It gives a whole new meaning to gate guarded.

[Aecetia]

One the bright side, oil and taxes are too high for most working people. On the not so bright side, this country is not used to the political instability, wide spread rioting and the brutish police state. As a person who does look at future trends, I am sure there are some kernels of truth in the article, such as anti-immigrant sentiment: “He predicts wage riots and anti-government street protests and intensified anti-immigration movements looking to scapegoat the “aliens” among us and toward the 1 percent of Americans who received 50 percent…” A lot of this scenario unfolding depends on how the government continues to deal with the economy and that depends on Congress and the election. It gives a whole new meaning to gate guarded.

[Aecetia]

One the bright side, oil and taxes are too high for most working people. On the not so bright side, this country is not used to the political instability, wide spread rioting and the brutish police state. As a person who does look at future trends, I am sure there are some kernels of truth in the article, such as anti-immigrant sentiment: “He predicts wage riots and anti-government street protests and intensified anti-immigration movements looking to scapegoat the “aliens” among us and toward the 1 percent of Americans who received 50 percent…” A lot of this scenario unfolding depends on how the government continues to deal with the economy and that depends on Congress and the election. It gives a whole new meaning to gate guarded.

[Aecetia]

One the bright side, oil and taxes are too high for most working people. On the not so bright side, this country is not used to the political instability, wide spread rioting and the brutish police state. As a person who does look at future trends, I am sure there are some kernels of truth in the article, such as anti-immigrant sentiment: “He predicts wage riots and anti-government street protests and intensified anti-immigration movements looking to scapegoat the “aliens” among us and toward the 1 percent of Americans who received 50 percent…” A lot of this scenario unfolding depends on how the government continues to deal with the economy and that depends on Congress and the election. It gives a whole new meaning to gate guarded.

[Aecetia]

One the bright side, oil and taxes are too high for most working people. On the not so bright side, this country is not used to the political instability, wide spread rioting and the brutish police state. As a person who does look at future trends, I am sure there are some kernels of truth in the article, such as anti-immigrant sentiment: “He predicts wage riots and anti-government street protests and intensified anti-immigration movements looking to scapegoat the “aliens” among us and toward the 1 percent of Americans who received 50 percent…” A lot of this scenario unfolding depends on how the government continues to deal with the economy and that depends on Congress and the election. It gives a whole new meaning to gate guarded.

[kev374]

Jim Cramer is hardly someone to take seriously. Everything that guy spouts is pure nonsense! I think the scenario in that article is greatly exaggerated. Yes, there is going to be economic turmoil ahead, perhaps difficult times but we will get through it.

[kev374]

Jim Cramer is hardly someone to take seriously. Everything that guy spouts is pure nonsense! I think the scenario in that article is greatly exaggerated. Yes, there is going to be economic turmoil ahead, perhaps difficult times but we will get through it.

[kev374]

Jim Cramer is hardly someone to take seriously. Everything that guy spouts is pure nonsense! I think the scenario in that article is greatly exaggerated. Yes, there is going to be economic turmoil ahead, perhaps difficult times but we will get through it.

[kev374]

Jim Cramer is hardly someone to take seriously. Everything that guy spouts is pure nonsense! I think the scenario in that article is greatly exaggerated. Yes, there is going to be economic turmoil ahead, perhaps difficult times but we will get through it.

[zk]

After 5 minutes of Googling, I’ve come to the conclusion that this Celente character doesn’t amount to much. The article brags about his prescience and his appearances on cable television. Well, anybody can claim to have predicted anything (or could have predicted 7 million different things and then bragged when 9 of them came true). And as far as cable tv, well, they let Tucker Carlson have his own damn show on cable tv. They’ll let any monkey in a tie spew random chunks of nonsense. And anyway none of his appearances on tv that I saw referenced on line were weightier than predicting the hot new trends in personal electronics.

[zk]

After 5 minutes of Googling, I’ve come to the conclusion that this Celente character doesn’t amount to much. The article brags about his prescience and his appearances on cable television. Well, anybody can claim to have predicted anything (or could have predicted 7 million different things and then bragged when 9 of them came true). And as far as cable tv, well, they let Tucker Carlson have his own damn show on cable tv. They’ll let any monkey in a tie spew random chunks of nonsense. And anyway none of his appearances on tv that I saw referenced on line were weightier than predicting the hot new trends in personal electronics.

[zk]

After 5 minutes of Googling, I’ve come to the conclusion that this Celente character doesn’t amount to much. The article brags about his prescience and his appearances on cable television. Well, anybody can claim to have predicted anything (or could have predicted 7 million different things and then bragged when 9 of them came true). And as far as cable tv, well, they let Tucker Carlson have his own damn show on cable tv. They’ll let any monkey in a tie spew random chunks of nonsense. And anyway none of his appearances on tv that I saw referenced on line were weightier than predicting the hot new trends in personal electronics.

[zk]

After 5 minutes of Googling, I’ve come to the conclusion that this Celente character doesn’t amount to much. The article brags about his prescience and his appearances on cable television. Well, anybody can claim to have predicted anything (or could have predicted 7 million different things and then bragged when 9 of them came true). And as far as cable tv, well, they let Tucker Carlson have his own damn show on cable tv. They’ll let any monkey in a tie spew random chunks of nonsense. And anyway none of his appearances on tv that I saw referenced on line were weightier than predicting the hot new trends in personal electronics.

[Pasadena Broker]

Good Lord

Is time for me to get that Honda full of silver and an AK-47?

[Pasadena Broker]

Good Lord

Is time for me to get that Honda full of silver and an AK-47?

[Pasadena Broker]

Good Lord

Is time for me to get that Honda full of silver and an AK-47?

[Pasadena Broker]

Good Lord

Is time for me to get that Honda full of silver and an AK-47?

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[patientlywaiting]

4plexowner wrote:
I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.
—–

Very true. Things in life are all relative. And humans are very adaptable. Our sense of well being is based on the people around us. The most priviledged will still be most priviledged. Some of the people who made it during the boom might well fall off the ladder.

Would it be so bad if everyone drove 10-year old cars and tighten their belts a little? Do we need that leased luxury car, personal trainer, wireless phone and TIVO cable TV?

I think that most households could easily cut $500 to $1000/month out of their budgets and still live a normal American life.

So I don’t think a recession will be that bad. It’s just how you look at it.

[paramount]

Like I read somewhere recently, difficult times ahead will probably lead us to become much more of a cash society.

Not such a bad thing – this will be good for future generations.

[paramount]

Like I read somewhere recently, difficult times ahead will probably lead us to become much more of a cash society.

Not such a bad thing – this will be good for future generations.

[paramount]

Like I read somewhere recently, difficult times ahead will probably lead us to become much more of a cash society.

Not such a bad thing – this will be good for future generations.

[paramount]

Like I read somewhere recently, difficult times ahead will probably lead us to become much more of a cash society.

Not such a bad thing – this will be good for future generations.

[paramount]

Like I read somewhere recently, difficult times ahead will probably lead us to become much more of a cash society.

Not such a bad thing – this will be good for future generations.

[patientlywaiting]

4plexowner wrote:
I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.
—–

Very true. Things in life are all relative. And humans are very adaptable. Our sense of well being is based on the people around us. The most priviledged will still be most priviledged. Some of the people who made it during the boom might well fall off the ladder.

Would it be so bad if everyone drove 10-year old cars and tighten their belts a little? Do we need that leased luxury car, personal trainer, wireless phone and TIVO cable TV?

I think that most households could easily cut $500 to $1000/month out of their budgets and still live a normal American life.

So I don’t think a recession will be that bad. It’s just how you look at it.

[patientlywaiting]

4plexowner wrote:
I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.
—–

Very true. Things in life are all relative. And humans are very adaptable. Our sense of well being is based on the people around us. The most priviledged will still be most priviledged. Some of the people who made it during the boom might well fall off the ladder.

Would it be so bad if everyone drove 10-year old cars and tighten their belts a little? Do we need that leased luxury car, personal trainer, wireless phone and TIVO cable TV?

I think that most households could easily cut $500 to $1000/month out of their budgets and still live a normal American life.

So I don’t think a recession will be that bad. It’s just how you look at it.

[patientlywaiting]

4plexowner wrote:
I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.
—–

Very true. Things in life are all relative. And humans are very adaptable. Our sense of well being is based on the people around us. The most priviledged will still be most priviledged. Some of the people who made it during the boom might well fall off the ladder.

Would it be so bad if everyone drove 10-year old cars and tighten their belts a little? Do we need that leased luxury car, personal trainer, wireless phone and TIVO cable TV?

I think that most households could easily cut $500 to $1000/month out of their budgets and still live a normal American life.

So I don’t think a recession will be that bad. It’s just how you look at it.

[patientlywaiting]

4plexowner wrote:
I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.
—–

Very true. Things in life are all relative. And humans are very adaptable. Our sense of well being is based on the people around us. The most priviledged will still be most priviledged. Some of the people who made it during the boom might well fall off the ladder.

Would it be so bad if everyone drove 10-year old cars and tighten their belts a little? Do we need that leased luxury car, personal trainer, wireless phone and TIVO cable TV?

I think that most households could easily cut $500 to $1000/month out of their budgets and still live a normal American life.

So I don’t think a recession will be that bad. It’s just how you look at it.

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[gold_dredger_phd]

Make sure that you buy lots of ammunition for common calibers of guns. .22 short, 9mm, .45 ACP, and .357 magnum since all will be used as currency. If you have a farm or a large amount of land and use up ammo, I would recommend getting a reloading kit and smokeless gun powder. Also stock up on lead, silver coins, quality canned goods and dehydrated meat and have a large supply of fresh water.

If things get really bad, you can always hunt deer or large dogs for food. I don’t recall which breeds of dogs taste best.

[kewp]

Geeze, you guys make it sound like a year from now PetCo park is gonna turn into the ThunderDome.

Look at what happened in Japan. Their bubble was even worse than ours and they survived. The main outcome of this is that lots of people who thought they were rich are going to turn out to be poor.

And lots of poor people (like myself) are going to enjoy a better quality of life after buying up their deflated assets.

[kewp]

Geeze, you guys make it sound like a year from now PetCo park is gonna turn into the ThunderDome.

Look at what happened in Japan. Their bubble was even worse than ours and they survived. The main outcome of this is that lots of people who thought they were rich are going to turn out to be poor.

And lots of poor people (like myself) are going to enjoy a better quality of life after buying up their deflated assets.

[kewp]

Geeze, you guys make it sound like a year from now PetCo park is gonna turn into the ThunderDome.

Look at what happened in Japan. Their bubble was even worse than ours and they survived. The main outcome of this is that lots of people who thought they were rich are going to turn out to be poor.

And lots of poor people (like myself) are going to enjoy a better quality of life after buying up their deflated assets.

[kewp]

Geeze, you guys make it sound like a year from now PetCo park is gonna turn into the ThunderDome.

Look at what happened in Japan. Their bubble was even worse than ours and they survived. The main outcome of this is that lots of people who thought they were rich are going to turn out to be poor.

And lots of poor people (like myself) are going to enjoy a better quality of life after buying up their deflated assets.

[kewp]

Geeze, you guys make it sound like a year from now PetCo park is gonna turn into the ThunderDome.

Look at what happened in Japan. Their bubble was even worse than ours and they survived. The main outcome of this is that lots of people who thought they were rich are going to turn out to be poor.

And lots of poor people (like myself) are going to enjoy a better quality of life after buying up their deflated assets.

[gold_dredger_phd]

Make sure that you buy lots of ammunition for common calibers of guns. .22 short, 9mm, .45 ACP, and .357 magnum since all will be used as currency. If you have a farm or a large amount of land and use up ammo, I would recommend getting a reloading kit and smokeless gun powder. Also stock up on lead, silver coins, quality canned goods and dehydrated meat and have a large supply of fresh water.

If things get really bad, you can always hunt deer or large dogs for food. I don’t recall which breeds of dogs taste best.

[gold_dredger_phd]

Make sure that you buy lots of ammunition for common calibers of guns. .22 short, 9mm, .45 ACP, and .357 magnum since all will be used as currency. If you have a farm or a large amount of land and use up ammo, I would recommend getting a reloading kit and smokeless gun powder. Also stock up on lead, silver coins, quality canned goods and dehydrated meat and have a large supply of fresh water.

If things get really bad, you can always hunt deer or large dogs for food. I don’t recall which breeds of dogs taste best.

[gold_dredger_phd]

Make sure that you buy lots of ammunition for common calibers of guns. .22 short, 9mm, .45 ACP, and .357 magnum since all will be used as currency. If you have a farm or a large amount of land and use up ammo, I would recommend getting a reloading kit and smokeless gun powder. Also stock up on lead, silver coins, quality canned goods and dehydrated meat and have a large supply of fresh water.

If things get really bad, you can always hunt deer or large dogs for food. I don’t recall which breeds of dogs taste best.

[gold_dredger_phd]

Make sure that you buy lots of ammunition for common calibers of guns. .22 short, 9mm, .45 ACP, and .357 magnum since all will be used as currency. If you have a farm or a large amount of land and use up ammo, I would recommend getting a reloading kit and smokeless gun powder. Also stock up on lead, silver coins, quality canned goods and dehydrated meat and have a large supply of fresh water.

If things get really bad, you can always hunt deer or large dogs for food. I don’t recall which breeds of dogs taste best.

[Author]

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