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It isn't all gloom and doom. Look at the gold price. My great grand father who actually owned a bank used to say: split your investments. Part in gold, part in shares, part in real estate and a safe nest egg under your bed!! See, even he didn't trust banks.
posted by
vogue
on January 24, 2009 at 11:39 AM
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Nautikos
What a downer of a post. Hey buddy, time to have a snort
. More than that, you say and I quote:
"All of these credit problems can be directly traced to the inability of mortgage borrowers to repay their debt, in concert with the declining value of their homes...."
Balderdash. All of these credit problems can be traced directly to thieves like Madoff et al, manipulating the emotions of poor people that THEY KNEW could not possibly afford a home and they manipulated them, the banks, and a government led by a crooked l'il bastard they'll have to screw in the ground to bury him.
There, that's what I really think so deal with it.
posted by
WileyJohn
on January 21, 2009 at 9:56 PM
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Now I'm totally depressed. I'm getting so poor with such a down turn
I'm going to have to send Wiley out into the snow with his little begging cup. Sorry..........
Well I'm sick of all the gloom and doom!!!!!!
posted by
Kabu
on January 21, 2009 at 9:36 PM
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I hope it does get stabilized over a period of time! But I fear I may be in their mess to deep at this point to realize a personal difference! Excellent article for me though! Shelly
posted by
sam444
on January 21, 2009 at 2:38 PM
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Greed! Greed ya sinners!!! The end of the World is near!!! LOL
And not to worry about calling vogue in your last comment (I actually "almost" take it as a compliment!).
posted by
auslander
on January 21, 2009 at 1:34 PM
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Haiku this!
posted by
TAPS.
on January 21, 2009 at 12:42 PM
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Interesting, though this is pretty prevailing thought among Financial Advisors. This will not be a quick recovery, and even "recovery" is a misnomer, since things can't ever go back to the way they were. Mal
posted by
gapcohen
on January 21, 2009 at 10:58 AM
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