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During an interview in June 2009
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but over the past three years, I’ve had about 95% in cash and 5% in equities. You’re not getting much from savings these days but earning 0% is better than losing 50%. . . .
thats the problem with everyone so far in financial history that gets a major call correct. they end up fading off into oblivion as they call most everything else after that wrong.
Kinda ironic those who latch onto "economists" like this and miss out on so much opportunity to build wealth are the ones who seem most resentful of others who have accumulated wealth.
I thought Peter Schiff was called Dr. Doom. Or is that Celenti?
Yeah, it is not looking good. The European central bank lowered its interest rates yesterday. That gave markets a temporary boost but the fundamentals are gravely flawed for the euro.
Kinda ironic those who latch onto "economists" like this and miss out on so much opportunity to build wealth are the ones who seem most resentful of others who have accumulated wealth.
As the OP did you note my opening sentence...he's been right and he's been wrong and I'd take this with a grain of salt.
It pays to read all sides and their opinions and then make up your own mind.
Do you think I have my money buried in a shoebox in the backyard because of articles like this that I posted ? Do you assume I've missed out on opportunities and am resentful of the wealthy ?
Look, if you only want good news then only read threads with good news.
As the OP did you note my opening sentence...he's been right and he's been wrong and I'd take this with a grain of salt.
Saw that.
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It pays to read all sides and their opinions and then make up your own mind.
Agreed.
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Do you think I have my money buried in a shoebox in the backyard because of articles like this that I posted ? Do you assume I've missed out on opportunities and am resentful of the wealthy ?
I wasn't referring to you, but since you ask I don't know and don't care about you and your money.
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Look, if you only want good news then only read threads with good news.
You've completely lost me now, this thread has neither good or bad news as far as I could tell.
Kinda ironic those who latch onto "economists" like this and miss out on so much opportunity to build wealth are the ones who seem most resentful of others who have accumulated wealth.
i always say that. you see it right here in the threads.
i would bet my bottom dollar all those who are against investing and see everything as a scam have no money and will end up at retirement with no money.
they just keep hoping their doomsday scenerio pans out so you end up like them. that way they can feel rewarded for not even trying.
i always say that. you see it right here in the threads.
i would bet my bottom dollar all those who are against investing and see everything as a scam have no money and will end up at retirement with no money.
they just keep hoping their doomsday scenerio pans out so you end up like them. that way they can feel rewarded for not even trying.
While what you say may be right in some instances, it's a pretty broad brush, when most of the economists, even Ben "sell out" Bernanke speaks negatively about the US and World economies.
The same would hold true for those so myopically focused on their own personal well being that they miss the Tsunami headed toward them.
It's really about seeing the trend. Not a crystal ball. What is the world trending toward?
Stable economic times and world peace?
Economic collapse and WWIII?
Think about. Denial is a sure path to being blindsided.
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