Interesting contrast, Jacob. I hail from Seattle, now recluded to a horse ranch in sticks of North State, CA,
poorest, and almost largest county in this financial disaster of a state, free of debt, unconcerned if my warhorses sell, far from the madness of crowds. Almost everybody I left behind in Seattle though many still working, is working harder, for less, their bubble assets exploded into worthless (nearly) IRA's that were foolishly put into MSFT,CSCO, ORCL. BA, QCOM, MCOM, MU, and MANY defunct dot.coms all or most or at least much at their heights, most of them now anticipating NEVER retiring...I knew and know a LOT of people in Seattle
as my partner and I were "players" before we left. Difference of perspective, I suppose. Incidentally, nearly everyone who refinanced their family domains, took out cash against debts, consumption, etc...They do not deride
me anymore for my caution and paranoia...I take no pleasure in this! It is sad the number of times I have heard
from people about whom I care say, "How did you KNOW when to get out? How did you know?" Such divergence
of opinions and Weltbilde makes a market. (DJ did I get the plural correctly? My German dictionary is not handy)
Jim Black |
