Commercial Real Estate Investing: The Coming Depression?
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Greetings from Cedar Crest, NM….still cold but no snow….what a shame.
Where is the good news? Where? There isn’t any!
All the talk of the “big three” automakers waiting for a bailout is unreal. I read that if just one of the big three were to go under….we would enter into a depression. Are you serious?….or is that just “hard talk” from an emotional economist?
Well, Emily reminded me of a blog I wrote back in February of this year. Actually…I did not write it….Glenn Beck did. Glenn (I can call him by his first name since we will be friends someday) wrote about Nouriel Roubini’s outlook on the economy. You can read the post HERE. Per Roubini, we are closer to a meltdown than most people think.
To make things a little more interesting (for a lack of a better word)…I got an invitation email to attend a webinar hosted by Harry S. Dent titled The Coming Depression – Investment Strategies in 2009 and Beyond. The email states “During the next coming depression…..” WOW!
So what to make of all this?
Well…..better to be prepared than sorry? Then how does one prepare? Is this Y2K all over again? You remember Y2K….not even a fizzle.
Enjoy these video? Well…enjoy is the wrong word…..
Roubini: Worst yet to come
CNN Your Money: Talks of Great Depression Coming
Until next time…..rob
Other Post from around the web:
Mish’s Global Economic Trend Analysis: Prepare For Depression … – Deflation has already set in and it’s now realistic to start talking about another “D” word, this one being depression. Before we can use a word, we must define it. For the sake of argument, let’s define depression as unemployment of …
CNN on post-Great Depression recessions suffered by US (Thomas … – CNN on post-Great Depression recessions suffered by US. Interesting bit: Average US recession (11 since 1930s) lasts less than a year (or 6-12 months) except for two (early 1970s and early 1980s) that were global ones, in addition. …
America’s Second Great Depression Has Started :: The Market Oracle … – America’s Second Great Depression Has Started :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website.
TruthNews.us » Blog Archive » Corporate Debt Protection Costs … – The cost of protecting corporate debt from default jumped to a record in Europe and neared a high in the U.S. amid concern that the global recession will sink into a depression. Credit-default swaps on a benchmark index tied to below- …
Cramer: Depression Comparisons are ‘Scare Tactics’ | NewsBusters.org – Recent contractions in gross domestic product are also far from the huge drops seen during the Great Depression. And current stock market volatility doesn’t compare to the 90 percent decline during the Depression. …
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1 Comments
December 5th, 2008 at 1:30 am
Yes I have this interview as well as a few important Peter Schiff interviews. Many articles are on this site showing the Great Depression is coming and fast!
http://www.thecomingdepression.blogspot.com