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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (24509)	10/24/2002 1:33:05 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

<<lots of people envy the life I have been living for the past 19 years>> exotic girls and cold beer, what is not to like:0? Chugs, Jay

To: elmatador who wrote (24509)	10/24/2002 5:27:05 AM
From: maceng2	Read Replies (1) \| Respond to of 74559

The Fed's "beige book" collection of grassroots reports by its district banks said the housing market was the only bright spot in an otherwise weak economy. news.ft.com This bulkhead is rapidly going underwater as the unemployment situation worsens in the USA and Europe. If wages were rising the problem may be controllable. They are not though. Soon the rivets will be popping even on the property market bulkhead, and there will be a rapid implosion of property prices, this will drag in lots of recent buyers and refinanced mortgages. "Distressed" property sales will flood the market, as they have done before. Your local newspapers will be twice as thick at the weekends as magnificent bargains are presented at rock bottom prices. They can be ignored though as the best bargains will be the auctions of property from bankruptcies. ananova.com Businesses everywhere will be putting assets on sale to gain liquidity and reduce debt. Jobs will go too of course. The good ship "world economy" will only stop plunging to the bottom of the sea when a large proportion of the debt is wrung out of the system. ananova.com At some time supply will outstrip demand, even with mortgages given on no credit check and 5 times annual salary expectation. Building houses now is a great band wagon to easy riches at the moment. This will only last so long. Then.. GLOOM and DOOM -g- A little inflation would help things mind you. Though interest rates would go up and mortgages and business debt would....DOH -lol-

To: elmatador who wrote (24509)	10/24/2002 8:46:42 AM
From: Moominoid	Respond to of 74559

Well, I've spent the last 20 years movinga round the World. It certainly made it hard to have any serious relationship until now. It's a trade off people make. Other people tell me they are envious of my lifestyle but they don't think about the downsides. On university degrees they are useless for a lot of people and usefull for others. Unfortuantely the job market in some countries like the US has made them a signaling device without which people can't get ahead unless they are particularly talented. Different people have different levels of ability as far as being entrepreneurial. I think it has a lot to do with family environment as well as schools etc. too. Some of the stuff in Robert Kiyosaki's books is rubbish but he has a lot of interesting points to make too.