Posted this on Beat the Bear Babes board...JMO. - which, we all know opinions mean nothing.
There is no way we are at the low right now. Banking reps I know, some terminated this last week even - have commented foreclosures from rate adjustments in October-November will be hitting the market Feb-April. Why the government stepped into delay for 30 days payments. Also commented to me was the amount of debt held on credit cards by individuals is almost twice 16 months ago... There will be a massive fall sometime in March-April.
We have received emails from Chinese factories asking for payments in Euros, because the dollar has fallen 30-50% in the last year or so. Wages are rising in China, shortage of workers, falling dollar, more stringent rules on exporting from China. Once major downturn in US happens China will fall under the weight of an over aggressive expansionist policy.
What we will see is the 3 steps forward 2 steps back scenario. The US obliterated the Japanese market in the early 90's and it has only slightly recovered.
Keep in mind who runs this country, its not politicians or any bureaucrats...its a select few. Seek the Council on Foreign Relations. I don't have anything to complain about as I am somewhat dialed in. One thing to realize is the best way to make money is figure out how to adapt to change first. - Thats how evolution works.
As far as Cuba, the money will be made on importing the week after Fidel dies. Acquiring 99 year leases or property would be a very wise idea now.
My stocks are better than yours are! (at least once in a while).
