It is over

[Viking]

{ ]

[HauteCoug]

Save your money. Spend nothing.

This is a mega contraction cycle that will end in massive sovereign defaults. Cost of credit will be back in the teens for most businesses.

Asset prices are slowly re-adjusting. This process will take time. Do not incur debt, do not fool yourself with 401ks, do not buy a home. Rent, save, amass hard assets. Buy yielding land if you must.

I bet we will see a severe economic war that puts us on the brink of global conflict in the next seven years.

Let's buy land in Norway.

[EuropeanFootballMale]

That's a pretty big shift from "everything's great the Republicans are lying"

[Clark Addison]

Is it a bad sign for me personally that when I read Viking's post I was relieved that it was only about the economy, not football? (I didn't notice what forum it was in).

[Moliere]

Save your money. Spend nothing.

This is a mega contraction cycle that will end in massive sovereign defaults. Cost of credit will be back in the teens for most businesses.

Asset prices are slowly re-adjusting. This process will take time. Do not incur debt, do not fool yourself with 401ks, do not buy a home. Rent, save, amass hard assets. Buy yielding land if you must.

I bet we will see a severe economic war that puts us on the brink of global conflict in the next seven years.

This information would have been more helpful three years ago.

[The Rambam]

I too am pessimistic about the economy. The only hope is massive government spending on long-term capital assets and/or a major technology breakthrough that permeates society. And neither is likely.

[FN Phat]

No worries, folks. Viking will change his prediction in no time.

Spend while you can

[TripletDaddy]

This is terrible news.

[HuskyFreeNorthwest]

Well that sounds bad.

[Surfah]

Sorry CJ. Won't be buying now. I'll be renting.

[HuskyFreeNorthwest]

Sorry CJ. Won't be buying now. I'll be renting.

I think I'm going to try and buy the rentals. Unless we follow Rabman's plan and just let the government own all the buildings and pay rent to them.

[New Mexican Disaster]

Save your money. Spend nothing.

This is a mega contraction cycle that will end in massive sovereign defaults. Cost of credit will be back in the teens for most businesses.

Asset prices are slowly re-adjusting. This process will take time. Do not incur debt, do not fool yourself with 401ks, do not buy a home. Rent, save, amass hard assets. Buy yielding land if you must.

I bet we will see a severe economic war that puts us on the brink of global conflict in the next seven years.

Why?

[landpoke]

Why?

Don't question. Get you some gold and bury it in the back yard. You'll thank him later.

[TripletDaddy]

I think I'm going to try and buy the rentals. Unless we follow Rabman's plan and just let the government own all the buildings and pay rent to them.

I'm banking on new technology that will change the world. Seems like that is our most realistic hope to avoid world war in the next 7 years.

But just in case, I'm already searching KSL for yielding land.

[oxcoug]

Things are lining up well for the Mahanadi apocalypse of 2012!