Roubini Predicts 2007 Recession

[anxvariety]

Inflation or Recession?

I’m linking to a related and fresh article by Robert Kiyosaki(Rich Dard Poor Dad author)article, try it out before you judge him based on what you know.

http://finance.yahoo.com/columnist/article/richricher/7810

I heard about Mr Kiyosaki in and his books over the last few years and thought OH NO, another Cartlon Sheets make money with real estate with no money down type guy.. I would bash the guy regularly.. but lately he’s been writing more contrarian type articles and I really like his perspectives.. I’ve grown to respect his opinions now that I actually see what type of investor he is..

For what it’s worth I think we’re heading more towards great depression type cycle… majority do not have any cash, only plastic and debt thats really bad, especially in a recessionary period(depression seeds).. my strategy is gold for security and some profit.. and options trading for quick in and out type profits. and most of all, I have lots of water, rice, canned food and seeds should it get really crazy.. It takes very little preparation to be extremely prepared… Get yourself 1 weeks of food, and some planting seeds.. that few hours of preparation might save your life… probably won’t ever need it, but why not!? Oh, I also have 10 gallons of gas 🙂 Hey, I’m up on it, I bought it at $2.40 a gallon!

[powayseller]

anxvariety, that’s good common sense, and will come in handy if there’s an earthquake or virus outbreak too. I really need to get back to Costco to finish my 3-week food and water supply. Gas is a great idea to add. I keep the food/water in my kids’ closets. My Mormon friends told me to put cans under the bed, in closets, a little bit all over the house.

[waiting hawk]

“handy if there’s an earthquake or virus outbreak too.”

Yeah I’m going to do the same. You never know what can happen. I got to stock up on my ammo so I can raid you guys when I run low 🙂 Just kidding!

My website tracking Temecula and South Riverside County

[bob007]

being an engineer i was out of work for 1 years during last recession. i did not have any mortgage payments. i was able to ride it out.

[VCJIM]

I have a good friend in the porn industry, he was recently laid off (no pun intended). I asked him how the industry in general was going, he thought it was getting soft (no pun intended). I was asking because I was curious if porn was considered an essential, or a luxury; perhaps it would be a leading indicator of a recession.

[powayseller]

Was he laid off because of the soft problem? I think that industry marches with a different drummer – perhaps the internet is more of a competitor now. Can you get more info about the industry?

[North County Jim]

The internet is not a competitor to the industry. It’s a distribution channel.

[powayseller]

NCJim – I was picturing the guy as an actor, on those VHS tapes, or a model in a magazine. I shouldn’t assume anything. Maybe he is on the internet too.

Here is a write-up of Roubini’s reasons for a 2007 recession. He makes a lot of sense!

[VCJIM]

He is not an actor, or anything on the production side. I should have mentioned that. He was working in distribution. Any change to the porn industry from the internet would have (and did) happen years ago. What is happening now is due to….what? I don’t know, but it could be economic factors. I have to believe, for most people, that porn is a lower priority than making their house, car, food payments.

[Author]

Posts