chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
Interesting interview... his take on real estate and securities markets.
He interview was tilted toward the negative (concerned) IMO. Of course he hedges his comments and does not predict. But he is clearly concerned that we could be looking at an economy that has some longer term weakness (like the depression). But he does say there is no way to know for sure.... this is a rare event and the great depression is the closest economic event (similar) in the recent past that we can compare it to.
He says fear, anger, and lack of confidence seems to prevail. We run the risk of creating a self-fulfilling prophecy.
He does not make predictions... but his concern is that the great depression (poor economy) languished for just shy of 20 years and was only pulled out of it by a massive government stimulus program (WWII). He seems to imply (by way of comparison and asking the question) that we could be looking at a similar experience.
The current market volatility.... Heavy market volatility in the past has often preceded a very large market drop. He cites 1987 (and previous markets).
His tip: "Hold TIPS- U.S. Treasury Inflation Protected Securities" You can see his rationale in the interview. My paraphrase: few options available to really preserve capital (on a real basis).
He also cites the conventional approach to investing... rebalance!
Consuelo Mack WealthTrack - Home - The Right Track To Your Financial Health
Added: He also states that there are people (I assume finance and economic professionals) that disagree with some of his views. I assume it is his way of saying his concerns may not turn into reality... IOW - YMMV... nothing is certain.
He interview was tilted toward the negative (concerned) IMO. Of course he hedges his comments and does not predict. But he is clearly concerned that we could be looking at an economy that has some longer term weakness (like the depression). But he does say there is no way to know for sure.... this is a rare event and the great depression is the closest economic event (similar) in the recent past that we can compare it to.
He says fear, anger, and lack of confidence seems to prevail. We run the risk of creating a self-fulfilling prophecy.
He does not make predictions... but his concern is that the great depression (poor economy) languished for just shy of 20 years and was only pulled out of it by a massive government stimulus program (WWII). He seems to imply (by way of comparison and asking the question) that we could be looking at a similar experience.
The current market volatility.... Heavy market volatility in the past has often preceded a very large market drop. He cites 1987 (and previous markets).
His tip: "Hold TIPS- U.S. Treasury Inflation Protected Securities" You can see his rationale in the interview. My paraphrase: few options available to really preserve capital (on a real basis).
He also cites the conventional approach to investing... rebalance!
Consuelo Mack WealthTrack - Home - The Right Track To Your Financial Health
Added: He also states that there are people (I assume finance and economic professionals) that disagree with some of his views. I assume it is his way of saying his concerns may not turn into reality... IOW - YMMV... nothing is certain.
Last edited: