[Running Bear]

SDR,

Looks like you finally pulled back the curtain and are seeing what some of us on this site have been talking about since most of the bottom callers starting flooding the site in the spring. I have had this quote on the wall in my office for 2 years now because I am afraid that we are choosing the worst case scenario.

If you think most of us are happy about this crisis and what lies ahead you are incorrect. The damage we are going to go through will have a material impact on all of us and there isn’t much we can do about it except try and preserve some capital. I have only spent time commenting on this site because here there were people that at least were open to listening to the difficult facts. If I could save 1 or 2 people from making a large financial mistake I was happy to do it. I found that family and friends weren’t willing to listen and it was a waste of my time to tell them otherwise. The quote is below.

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
-Ludwig von Mises

And I will say again what I have been saying since I have been on this site; Your goal and strategy should be wealth preservation and saving. Buying a house or any other large illiquid asset at this time is exposing yourself to serious financial pain. Cash is king right now.

My2Cents

[Running Bear]

SDR,

Looks like you finally pulled back the curtain and are seeing what some of us on this site have been talking about since most of the bottom callers starting flooding the site in the spring. I have had this quote on the wall in my office for 2 years now because I am afraid that we are choosing the worst case scenario.

If you think most of us are happy about this crisis and what lies ahead you are incorrect. The damage we are going to go through will have a material impact on all of us and there isn’t much we can do about it except try and preserve some capital. I have only spent time commenting on this site because here there were people that at least were open to listening to the difficult facts. If I could save 1 or 2 people from making a large financial mistake I was happy to do it. I found that family and friends weren’t willing to listen and it was a waste of my time to tell them otherwise. The quote is below.

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
-Ludwig von Mises

And I will say again what I have been saying since I have been on this site; Your goal and strategy should be wealth preservation and saving. Buying a house or any other large illiquid asset at this time is exposing yourself to serious financial pain. Cash is king right now.

My2Cents

[Running Bear]

SDR,

Looks like you finally pulled back the curtain and are seeing what some of us on this site have been talking about since most of the bottom callers starting flooding the site in the spring. I have had this quote on the wall in my office for 2 years now because I am afraid that we are choosing the worst case scenario.

If you think most of us are happy about this crisis and what lies ahead you are incorrect. The damage we are going to go through will have a material impact on all of us and there isn’t much we can do about it except try and preserve some capital. I have only spent time commenting on this site because here there were people that at least were open to listening to the difficult facts. If I could save 1 or 2 people from making a large financial mistake I was happy to do it. I found that family and friends weren’t willing to listen and it was a waste of my time to tell them otherwise. The quote is below.

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
-Ludwig von Mises

And I will say again what I have been saying since I have been on this site; Your goal and strategy should be wealth preservation and saving. Buying a house or any other large illiquid asset at this time is exposing yourself to serious financial pain. Cash is king right now.

My2Cents

[Running Bear]

SDR,

Looks like you finally pulled back the curtain and are seeing what some of us on this site have been talking about since most of the bottom callers starting flooding the site in the spring. I have had this quote on the wall in my office for 2 years now because I am afraid that we are choosing the worst case scenario.

If you think most of us are happy about this crisis and what lies ahead you are incorrect. The damage we are going to go through will have a material impact on all of us and there isn’t much we can do about it except try and preserve some capital. I have only spent time commenting on this site because here there were people that at least were open to listening to the difficult facts. If I could save 1 or 2 people from making a large financial mistake I was happy to do it. I found that family and friends weren’t willing to listen and it was a waste of my time to tell them otherwise. The quote is below.

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
-Ludwig von Mises

And I will say again what I have been saying since I have been on this site; Your goal and strategy should be wealth preservation and saving. Buying a house or any other large illiquid asset at this time is exposing yourself to serious financial pain. Cash is king right now.

My2Cents

[Running Bear]

SDR,

Looks like you finally pulled back the curtain and are seeing what some of us on this site have been talking about since most of the bottom callers starting flooding the site in the spring. I have had this quote on the wall in my office for 2 years now because I am afraid that we are choosing the worst case scenario.

If you think most of us are happy about this crisis and what lies ahead you are incorrect. The damage we are going to go through will have a material impact on all of us and there isn’t much we can do about it except try and preserve some capital. I have only spent time commenting on this site because here there were people that at least were open to listening to the difficult facts. If I could save 1 or 2 people from making a large financial mistake I was happy to do it. I found that family and friends weren’t willing to listen and it was a waste of my time to tell them otherwise. The quote is below.

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
-Ludwig von Mises

And I will say again what I have been saying since I have been on this site; Your goal and strategy should be wealth preservation and saving. Buying a house or any other large illiquid asset at this time is exposing yourself to serious financial pain. Cash is king right now.

My2Cents

[Running Bear]

TheBreeze,

Here are a few stories about what I am talking about.

http://news.bbc.co.uk/2/hi/asia-pacific/7713594.stm

http://www.chinadaily.com.cn/bizchina/2008-10/14/content_7104848.htm

http://www.chinadaily.com.cn/bizchina/2008-10/21/content_7124388.htm

http://www.usatoday.com/money/world/2008-10-21-red-dragon-china-factories-economy_N.htm?loc=interstitialskip

[Running Bear]

TheBreeze,

Here are a few stories about what I am talking about.

http://news.bbc.co.uk/2/hi/asia-pacific/7713594.stm

http://www.chinadaily.com.cn/bizchina/2008-10/14/content_7104848.htm

http://www.chinadaily.com.cn/bizchina/2008-10/21/content_7124388.htm

http://www.usatoday.com/money/world/2008-10-21-red-dragon-china-factories-economy_N.htm?loc=interstitialskip

[Running Bear]

TheBreeze,

Here are a few stories about what I am talking about.

http://news.bbc.co.uk/2/hi/asia-pacific/7713594.stm

http://www.chinadaily.com.cn/bizchina/2008-10/14/content_7104848.htm

http://www.chinadaily.com.cn/bizchina/2008-10/21/content_7124388.htm

http://www.usatoday.com/money/world/2008-10-21-red-dragon-china-factories-economy_N.htm?loc=interstitialskip

[Running Bear]

TheBreeze,

Here are a few stories about what I am talking about.

http://news.bbc.co.uk/2/hi/asia-pacific/7713594.stm

http://www.chinadaily.com.cn/bizchina/2008-10/14/content_7104848.htm

http://www.chinadaily.com.cn/bizchina/2008-10/21/content_7124388.htm

http://www.usatoday.com/money/world/2008-10-21-red-dragon-china-factories-economy_N.htm?loc=interstitialskip

[Running Bear]

TheBreeze,

Here are a few stories about what I am talking about.

http://news.bbc.co.uk/2/hi/asia-pacific/7713594.stm

http://www.chinadaily.com.cn/bizchina/2008-10/14/content_7104848.htm

http://www.chinadaily.com.cn/bizchina/2008-10/21/content_7124388.htm

http://www.usatoday.com/money/world/2008-10-21-red-dragon-china-factories-economy_N.htm?loc=interstitialskip

[Running Bear]

I don’t expect China to collapse. But they will have some serious pain ahead. The economy is based on exports and they are seeing their major buyers of their exports pulling back rapidly. They are already seeing lots of businesses and factories go under and people being out of work and we are just beginning to pull back here and in Europe. This time next year you will get a much better idea of how bad it will be for them. Playing a bounce on China is a fine for the day trade or short term. But the long term direction is still down.

You need to take my opinion with a grain of salt however because I think going long any equity market longer then to play market swings is a fool’s game. All of the equity markets for the next year will be heading south but with very violent bear market rallies to wipe out slow and weak shorts.

My2Cents

[Running Bear]

I don’t expect China to collapse. But they will have some serious pain ahead. The economy is based on exports and they are seeing their major buyers of their exports pulling back rapidly. They are already seeing lots of businesses and factories go under and people being out of work and we are just beginning to pull back here and in Europe. This time next year you will get a much better idea of how bad it will be for them. Playing a bounce on China is a fine for the day trade or short term. But the long term direction is still down.

You need to take my opinion with a grain of salt however because I think going long any equity market longer then to play market swings is a fool’s game. All of the equity markets for the next year will be heading south but with very violent bear market rallies to wipe out slow and weak shorts.

My2Cents

[Running Bear]

I don’t expect China to collapse. But they will have some serious pain ahead. The economy is based on exports and they are seeing their major buyers of their exports pulling back rapidly. They are already seeing lots of businesses and factories go under and people being out of work and we are just beginning to pull back here and in Europe. This time next year you will get a much better idea of how bad it will be for them. Playing a bounce on China is a fine for the day trade or short term. But the long term direction is still down.

You need to take my opinion with a grain of salt however because I think going long any equity market longer then to play market swings is a fool’s game. All of the equity markets for the next year will be heading south but with very violent bear market rallies to wipe out slow and weak shorts.

My2Cents

[Running Bear]

I don’t expect China to collapse. But they will have some serious pain ahead. The economy is based on exports and they are seeing their major buyers of their exports pulling back rapidly. They are already seeing lots of businesses and factories go under and people being out of work and we are just beginning to pull back here and in Europe. This time next year you will get a much better idea of how bad it will be for them. Playing a bounce on China is a fine for the day trade or short term. But the long term direction is still down.

You need to take my opinion with a grain of salt however because I think going long any equity market longer then to play market swings is a fool’s game. All of the equity markets for the next year will be heading south but with very violent bear market rallies to wipe out slow and weak shorts.

My2Cents

[Running Bear]

I don’t expect China to collapse. But they will have some serious pain ahead. The economy is based on exports and they are seeing their major buyers of their exports pulling back rapidly. They are already seeing lots of businesses and factories go under and people being out of work and we are just beginning to pull back here and in Europe. This time next year you will get a much better idea of how bad it will be for them. Playing a bounce on China is a fine for the day trade or short term. But the long term direction is still down.

You need to take my opinion with a grain of salt however because I think going long any equity market longer then to play market swings is a fool’s game. All of the equity markets for the next year will be heading south but with very violent bear market rallies to wipe out slow and weak shorts.

My2Cents

[Author]

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