Well, I'm going to disagree here. I was thinking in the JW mode a few years ago, but I thought these concerns were limited to me, cuz I never saw anybody address them. Things like the balance of trade. I was really glad to see him start talking about the long term fundamentals, and the pitfalls ahead of us. I don't think a new prez will change things that much.
I'm still staying 90% cash in my 401K. I have some cash in the IRAs I've been sitting on. I 'll get some CSCO and INTC if they drop enuf. I also had to sell all my funds when I was consolidating accts, so I don't even have them now, and have felt no urgency to rush out and get something. Haven't even talked to broker dude in a while. I think he will start leading me into REITs and high dividend stuff at this point.
What I have been getting outside of the accts, are the metals. I'll save cash between now and May, and start buying more then. I'm probably going to trade some silver when it gets to around $10-12, maybe at the first spike, pre X-mas, and buy back later. I don't see these things as something for the rich. Citizens of China, India, Japan, and the Moslem countries all view this as their form of wealth, for everybody. I'd rather tie my hopes to them , than Kudlow; none of those , what, 3 B people, have ever heard of Kudlow.
Personally, I think we are over the hill, and that the next century will belong to China. I don't want to invest there, but I think there will be a per capita shift of wealth from our households lo theirs. They want to live like us, and there aren't enuf resources on the planet,including clean air and water, to let them do it. Can you imagine the air in China, if they had 4 times the number of vehicles we do, utilizing even the best technology of today. Cough, cough, gasp, gasp. Look at Japan for a model.
As they grow, which I think they are at about 9 %, they are going to suck up a lot of raw materials, and raise the price of it for us; oil and energy resources, cement, steel, asphalt, fiberoptics or copper, plywood, whatever wood (there goes the temperate rainforests),probably more food and fertilizer, blah blah. Probably India will be following in their wake. Agricultural infrastructure.Alternate energy, esp wif oil on the other side of whatever...$35 or 40, or some magic point. Robotics? Anyway, given the state of the emerging giant economies, I'm not sure we aren't in an era of things that are diminishing.
Wharfie@theRATgodsRApeezed.com |
