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Some of the 'experts' are starting to snap. Can't say I don't blame them since they've been lying for so long.
Wait for the big networks to admit that nearly a $100 billion taxpayer dollars have been pumped into the stock market with our tax dollars to keep it afloat. Adjust for this factor and adjust for inflation since 911, then the market really isn't ~13,500, but is really around 7,000 in pre-911 terms. The major politicians and corporate execs 'in the know' are making out with that money like bandits, and there will be massive profit taking before it collapses hard, and not a measly 30% adjusted from 9/11/01.
History repeats itself. The same crap happened in 1929.
The unnecessary felling of a tree, perhaps the growth of centuries, seems to me a crime little short of murder." ~ Thomas Jefferson
It might be a few years still, depending on how this oil crisis plays out. So far, the collapse has been slow and sustained. It will turn even worse and you won't know it immediately.
Better have a job in a field that's relatively immune to market fluctuations...
The unnecessary felling of a tree, perhaps the growth of centuries, seems to me a crime little short of murder." ~ Thomas Jefferson
Time to start short selling! Too bad I don't have any money or I could invest and reap the benefits of a failing economy.
"At first it just looked like a picture of a bunch of lily pads, but then I started scraping at it with my pocket knife and the whole painting just sort of spoke to me," Schmidt said. "For the first time, I finally understand what Monet was trying to get across in her work."
Invest your money in gold. It will be immune to inflation. You probably won't go wrong with gold. If you can garner enough to make the minimum purchase required, oil would be a good investment. Problem is, cost of entry keeps us middle class folk(and below) out; the investor class doesn't want to share those gains and we are the ones that get to pay for them at the pump and elsewhere.
Guns would be another good investment if you notice that things are turning south very rapidly. But I don't think that's the case right now. At least, I hope not.
The unnecessary felling of a tree, perhaps the growth of centuries, seems to me a crime little short of murder." ~ Thomas Jefferson
Better have a job in a field that's relatively immune to market fluctuations...
POSTAL WORKER! Everyone needs mail, and when the economy collapses there will be a bigger demand to send out bills that need to be collected immediately.
Granted, their situtation will be more secure than most, it's probably no garuntee if the crash is hard.
We will definately need engineers that can work on the power grid in the near future(power systems engineers are in short supply in the U.S.), and there is going to be a severe shortage of petroleum engineers once all the old farts retire(being that less than 15% of petroleum engineers are under the age of 35 and most are over 50).
The renewable energy industry that I'm going into can go in either direction, depending on how the various crises we face are addressed.
The unnecessary felling of a tree, perhaps the growth of centuries, seems to me a crime little short of murder." ~ Thomas Jefferson
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