Thursday, January 1, 2009

HAPPY NEW YEAR!

Well,
Here we go into the new year of 2009. There is much doubt as to whether it will be any better than last year. Many feel it will be much worse and we are at the beginning of the equivalent of 1929. Tony Sagami of 'Money and Markets' expects:

1. Real estate prices will continue falling.
2. Unemployment will continue rising.
3. Our economy will continue contracting, and
4. Out stock market will reflect the deterioration of those long-term systemic economic woes.

I tend to agree with him. We do need to look at the negative because we need to face reality but at the same time we need to "keep our head - -- - while all others are losing theirs" - part of an old quote. In the Great Depression, while there were millions having very tough times, there were a good number of people living luxuriously because they did the right things. I'm planning on being that side of the equation. What about you? Are you preparing? Saving money? Starting a business or getting involved with some opportunities on the internet? Buying silver or gold coins? What are you doing? Tell me. This enquiring mind wants to know :)
Talk to you next post. Larry

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