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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jill who wrote (24567)10/16/2004 7:50:23 PM
From: GraceZRead Replies (4) of 306849
 
Well the great thing about being a woman on the Internet is that I look exactly as you imagine until proven otherwise. Actually I look more like an aging hippie than the person you describe.

Here's to ruining everyone's misconception:

mywebpages.comcast.net

BTW I've been helping people understand money for a very long time, not just since I've been writing on SI. It's been my avocation for many years. I do this because others did it for me and I like the subject.

Having advised people about their financial situation over the years, I find that people will sooner tell you the intimate details of their sex life before they'll share their financial situation even when they've asked for your help. It's embarrassing for them to admit to not understanding things. I remember what it felt like to be in their place. I try to speak and write as frankly as possible without preaching, to demystify money, the economy and wealth accumulation. I've made numerous money mistakes over my life. So far none were fatal. Given enough time most can be fixed but the most important thing is to understand the problem and deal with it without succumbing to the emotions and fear that money seems to bring out in most people.

It's the state of global finances, and the equity bubble in this case, that counts...and the national/individual debt and what most boomers will do when they don't get ss benefits

I have little doubt that the current debt situation and SS situation will resolve itself over time with little disruption to the US economy. I might be one of a few people left in the US who believes this! If anything the US economy has become more resistant to shocks than it ever has been. Volatility in the GDP is at an all time low. The dollar may adjust lower but a few years ago we were suffering the consequences of a dollar which was too strong. This exposed many inefficiencies which have since been alleviated. This is the best business environment I've had to operate in since the mid 1980s in spite of the overwhelming pessimism expressed on these boards.
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