According to today's NYTimes, rents are falling fast in NYC. Wages are falling even faster and layoffs accellerating around the nation. CA running out of money. January was the worst month in S&Ps history. Rioting all over Europe. Chinese workers becoming restless and migrating back to the farms because of lack of work. Japan in the worst recession since WWll.
This is the kind of news I was warning you, just about a year ago, was going to happen. Some of you listened and others dismissed it as doom and gloom. Being negative is not my nature, it is simply a reflection of the conditions.....just like a surgeon or an oncologist diagosing cancer. It is not a fun diagnosis, but one that must be delt with seriously... or the patient will inevitably will die.
On CAPs, I still don't reveal my full understanding of the issues we face. Most of you would not be able to handle the full dose.
My goal is simply to help those who read this blog avoid the inevitable pain that is coming. Better yet, maybe you can help me. Some honestly believe holding gold might be the solution. Quite honestly, I don't know.....I wish I did, but things are so uncertain now....few really know what will be worth anything. Logic deters me from gold but these are illogical times. Every perspective deserves at least some attention.
What I do know is the above. Jobs are being lost by the millions. If my projections are correct, many of you will lose your jobs. People who never thought they would be poor are now waiting in food lines. Brand new housing developments resemble ghost towns. Cities and States are contemplating currently how they will cut millions of additional jobs.
If you are prepared, handling the distress will be much easier. Build up a substantial savings. Buy some gold as a hedge if you are so inclined. I am not a guns and bullets... end of the world... person.... so if you want to go down that road, find solutions some place else.
In addition, my suggestion is that you surround yourself with talented people. The internet is a wonderful forum to do it in a virtual manner. You can tell BS when you see it.....and if you can't, it derails after a relatively short period of time.
I can tell you this.....although I have never met the individual, based on my reading a number of his recent posts, I suggest you read the following blog as a good start......
Mish's blog and CalculatedRisk also provide excellent information. If you just read these three blogs, in addition to reading Motley Fool and other investment sites.....you are miles ahead compared to those who simply listen to their broker for advice.
I have little doubt that my ratings will approach 100 very soon. Not because I am cocky...simply because I am confident about my understanding of the problems affecting the economy and how I am positioned in CAPs to deal with it.
I could be wrong.....actually I hope I am wrong.....but I strongly doubt it.
It is becoming clearer and clearer that we are about to crash. What it takes to survive it no one really knows......but at least if you prepare......the chances for success are increased.
Alstrynomics all about winning, only winning, and nothing but winning. Does Alstrynomics win everytime, not a chance......but if you win most of the time.....in this game, you end up way ahead.
Good luck with whatever choices you make.