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<p>[QUOTE="Rono, post: 1660949, member: 6492"]Howdy folks,</p><p><br /></p><p>I'm enormously positive but recognize ugly when things are ugly. We've been in a depression since the dot.com meltdown in the spring of 2000. Once you stop dinking the stats, GDP has been flat to negative ever since. There are two asset bubbles today that you need to be aware of : the stock market and the student loan aggregate debt. I'm not saying to fight the fed and go short side, but CYA in equties. As for Student Debt - don't buy any student paper and try to avoid mutual funds that do. </p><p><br /></p><p>The economy is still in the tank and will remain so for another ten years or so. Sorry. We've got economies - the economy of Yes and the economy of No. In Yes, you're working, spouse is working, you have retirement plans, benefits, IRAs, savings, a fixed mortgage or a house that's paid off, kids are in college. Life is good. Another glass of wine?</p><p><br /></p><p>And then you've got the economy of No where you lost your job to outsourcing back about 10 years ago and then worked in housing construction till that blew up. Your unemployment has expired, wifey works for min. at Walmart w/o benefits or retirement, you've spent your 401 and savings, you behind on the mortgage and are looking at foreclosure, sons a druggie and daughter's preggers. Life sucks. Hey, you got another of them beers?</p><p><br /></p><p>And please realize that there are 100's of thousands of americans that were doing all the right things are still got thrown under the bus. </p><p><br /></p><p>A large part of the problem is structural in that we're shifting from Industrial to Information based economies and the old guard is NOT going quietly. They have money and they spending it to buy votes in congress. Congress isn't broken, it works very well. It's just bought and paid for. Do NOT look to washington for any help or relief.</p><p><br /></p><p>You need to diversify your wealth and also go into a quasi-survivalist mode - I'm not suggesting the cabin in the woods. </p><p><br /></p><p>Pay down your debt, diversify your wealth, add to your job skills and resume', add to your contacts, volunteer local, get involved at the grass roots level. </p><p><br /></p><p>Hey, I'm 64 and officialy retired. However, I take classes at the CC (I have a BA in Econ) and am a serious gardener. That led me to volunteer as a docent in the gardens at MSU. I'm pres of my local garden club. I've been a township planning commissioner for 20 years and was just elected as a Trustee. [note that I had to run as a republican out here in the sticks but ran as a Real republican - fiscal conservative (the gov't baloance the books and pay their bills just like you and I). I'm socially tolerant [civil lib and sunday school] if no one gets hurt and I don't have to watch, I don't care what you do and lastly, I'm a tree hugger like Teddy Roosevelt. </p><p><br /></p><p>Hey, this can be fixed but it has to start with us and work out neighbor by neighbor. Help ain't coming from Washington.</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1660949, member: 6492"]Howdy folks, I'm enormously positive but recognize ugly when things are ugly. We've been in a depression since the dot.com meltdown in the spring of 2000. Once you stop dinking the stats, GDP has been flat to negative ever since. There are two asset bubbles today that you need to be aware of : the stock market and the student loan aggregate debt. I'm not saying to fight the fed and go short side, but CYA in equties. As for Student Debt - don't buy any student paper and try to avoid mutual funds that do. The economy is still in the tank and will remain so for another ten years or so. Sorry. We've got economies - the economy of Yes and the economy of No. In Yes, you're working, spouse is working, you have retirement plans, benefits, IRAs, savings, a fixed mortgage or a house that's paid off, kids are in college. Life is good. Another glass of wine? And then you've got the economy of No where you lost your job to outsourcing back about 10 years ago and then worked in housing construction till that blew up. Your unemployment has expired, wifey works for min. at Walmart w/o benefits or retirement, you've spent your 401 and savings, you behind on the mortgage and are looking at foreclosure, sons a druggie and daughter's preggers. Life sucks. Hey, you got another of them beers? And please realize that there are 100's of thousands of americans that were doing all the right things are still got thrown under the bus. A large part of the problem is structural in that we're shifting from Industrial to Information based economies and the old guard is NOT going quietly. They have money and they spending it to buy votes in congress. Congress isn't broken, it works very well. It's just bought and paid for. Do NOT look to washington for any help or relief. You need to diversify your wealth and also go into a quasi-survivalist mode - I'm not suggesting the cabin in the woods. Pay down your debt, diversify your wealth, add to your job skills and resume', add to your contacts, volunteer local, get involved at the grass roots level. Hey, I'm 64 and officialy retired. However, I take classes at the CC (I have a BA in Econ) and am a serious gardener. That led me to volunteer as a docent in the gardens at MSU. I'm pres of my local garden club. I've been a township planning commissioner for 20 years and was just elected as a Trustee. [note that I had to run as a republican out here in the sticks but ran as a Real republican - fiscal conservative (the gov't baloance the books and pay their bills just like you and I). I'm socially tolerant [civil lib and sunday school] if no one gets hurt and I don't have to watch, I don't care what you do and lastly, I'm a tree hugger like Teddy Roosevelt. Hey, this can be fixed but it has to start with us and work out neighbor by neighbor. Help ain't coming from Washington. peace, rono[/QUOTE]
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