Ahh, Mr. Obama won the election, the Fed could care less as the pump trillions of dollars out of nothing but thin air, and the bailout was a massive bait and switch...
Gas is down to 2.30 or so a gallon and it looks like hard times will sweep across the US and the Globe over the next few years...Nice...thank you Wizards of Smart!
Anywho, being the optimistic American that I am, I have to wonder if such a contraction will bring families closer together and perhaps still some of the foolish bickering that goes on during fat times, there is nothing like being the lifeboat to silence the squabbles. Such a renewed comittment to core values can only be a good thing.
To me, this is also to hone some skills and perhaps learn new ones, as our new found sincerety begins to take root, perhaps people will relearn some of the habits that made America successful in the first place, things like Frugality, Thrift, Work, Family, these are the things that make America livable.
As for the Alpha Strategy, a vignette:
A close friend, who is also a Strategist, lost his sole source of income, his rent is fairly cheap, and includes utilities and internet access, his larder is quite deep, and slowly he has been drawing down on his supplies to keep himself afloat during these times.
If he had purchased Stocks, or even Metals instead of stockpiling goods, he would face selling expensively purchased assets at a discount due to market downturns.
This worked well for him, and he also does not have to bother with tax paperwork, or the upcoming boom in Global Inflation that is on the horizon, buy now, store here, pay less down the road...works everytime it is tried..
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