[kewp]

I think someone ought to start a new thread about possible diversification techniques. Those of us on piggington, who are aware of the looming problem, have no excuse to be caught blindsided. At least we should have some discussion, and then it is up to each of us whether we profit or lose from this transition.

Read “Crashproof” by the (oft quoted here) Peter Schiff. Great book.

My personal take is that there are three bubbles in the process of deflating, real estate, stock market and institutionalized debt. The trick is reduce your exposure to these where you can.

If you have equity, this means liquidating your assets *now* and going global. Sell any property you have and get out of the market. Invest in foreign currency baskets, commodity funds, energy trusts, gold and other tangible stuff. If you have a 401k and the option, move as much of it to the above as you can.

If you are in debt, like me, get rid of it as fast as you can before interest rates/min payments go up. Get your credit score and do what you can to improve it. Its possible to play games by moving cash overseas and banking on debt deflation, but thats too risky for me.

If you are employed in any sector directly in the bubble areas, or retail, consider getting a job with a company/industry that global exposure.

Good luck and godspeed folks!

[kewp]

I think someone ought to start a new thread about possible diversification techniques. Those of us on piggington, who are aware of the looming problem, have no excuse to be caught blindsided. At least we should have some discussion, and then it is up to each of us whether we profit or lose from this transition.

Read “Crashproof” by the (oft quoted here) Peter Schiff. Great book.

My personal take is that there are three bubbles in the process of deflating, real estate, stock market and institutionalized debt. The trick is reduce your exposure to these where you can.

If you have equity, this means liquidating your assets *now* and going global. Sell any property you have and get out of the market. Invest in foreign currency baskets, commodity funds, energy trusts, gold and other tangible stuff. If you have a 401k and the option, move as much of it to the above as you can.

If you are in debt, like me, get rid of it as fast as you can before interest rates/min payments go up. Get your credit score and do what you can to improve it. Its possible to play games by moving cash overseas and banking on debt deflation, but thats too risky for me.

If you are employed in any sector directly in the bubble areas, or retail, consider getting a job with a company/industry that global exposure.

Good luck and godspeed folks!

[kewp]

How about giving a green card to anyone who can buy a house in America with cash? Would that help RE?

I posted that very same idea elsewhere! I think it would help with an early bottom, at least.

Not cash however, if thats the case foreigners will just get a mortgage from an overseas bank and the interest will flow out of the country. Better to stick them with something stateside and make them a home-debtor just like everyone else!

[kewp]

How about giving a green card to anyone who can buy a house in America with cash? Would that help RE?

I posted that very same idea elsewhere! I think it would help with an early bottom, at least.

Not cash however, if thats the case foreigners will just get a mortgage from an overseas bank and the interest will flow out of the country. Better to stick them with something stateside and make them a home-debtor just like everyone else!

[kewp]

How about giving a green card to anyone who can buy a house in America with cash? Would that help RE?

I posted that very same idea elsewhere! I think it would help with an early bottom, at least.

Not cash however, if thats the case foreigners will just get a mortgage from an overseas bank and the interest will flow out of the country. Better to stick them with something stateside and make them a home-debtor just like everyone else!

[kewp]

Has anyone else noticed that this subprime mess is probably the greatest example in history of the poor robbing the rich?

I mean, the poor folks losing their homes (that they’ve had for what, a year) is small potatoes to the fortunes that have been wiped out from these hedge funds.

Once the dust is settled, these same poor people are going to be buying back the formally rich peoples assets at fire-sale prices!

[kewp]

Has anyone else noticed that this subprime mess is probably the greatest example in history of the poor robbing the rich?

I mean, the poor folks losing their homes (that they’ve had for what, a year) is small potatoes to the fortunes that have been wiped out from these hedge funds.

Once the dust is settled, these same poor people are going to be buying back the formally rich peoples assets at fire-sale prices!

[kewp]

Has anyone else noticed that this subprime mess is probably the greatest example in history of the poor robbing the rich?

I mean, the poor folks losing their homes (that they’ve had for what, a year) is small potatoes to the fortunes that have been wiped out from these hedge funds.

Once the dust is settled, these same poor people are going to be buying back the formally rich peoples assets at fire-sale prices!

[kewp]

Sony has lots of artists and administrative staff here, especially supporting Sony online.

They are not paid very well and they expect lots of unpaid overtime.

I know because they have tried to recruit me in the past!

[kewp]

Sony has lots of artists and administrative staff here, especially supporting Sony online.

They are not paid very well and they expect lots of unpaid overtime.

I know because they have tried to recruit me in the past!

[kewp]

Sony has lots of artists and administrative staff here, especially supporting Sony online.

They are not paid very well and they expect lots of unpaid overtime.

I know because they have tried to recruit me in the past!

[kewp]

I know lots of folks at Sony, they are all paid crap.

It’s a Japanese company remember, so they view as cheap foreign labor.

[kewp]

I know lots of folks at Sony, they are all paid crap.

It’s a Japanese company remember, so they view as cheap foreign labor.

[kewp]

I know lots of folks at Sony, they are all paid crap.

It’s a Japanese company remember, so they view as cheap foreign labor.

[kewp]

I’ve long speculated that the SD housing bubble was largely a result of a *lack* of strong fundamentals here.

Flipping houses was the only way to make money!

[Author]

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