Economic Outlook

[Troy Gordon]

I would love to get an idea of how everyone feels about the future of our economy. With all of the swift changes that have occurred, I would love to see how everyone thinks things will turn out.

I believe there will be some of the greatest investment opportunities we have ever witnessed for real estate and stocks if we can just hold on until things "shake out".

What do you think?

[Michael Rossi]

I think that the Bush administration and the Obama administration have put the final nails in the coffin of the US. They have tried to fix a crisis (that has been building for decades) of overspending and overborrowing by drastically increasing spending and borrowing. At this point, I believe that a collapse of the US economy is an absolute certainty. The only question is the timing. I'm betting that it will collapse entirely by 2012. The only question left to be answered is the name for our new country. Personally, I like "The Banana Republic of America"!

Having said that, I think the rental property business will be one of the best businesses to be in during this catastrophe. People must have a place to live, even during a crisis.

Mike

[Josh Bryan]

I think the country is going to go to crap well before it gets better.

[Shana Gray]

I have not stopped writing the media, the White House, and John McCain (cuz I'm Canadian, and his is the only email I have), about how to FIX the economy.

This is great, use it.

http://www.whitehouse.gov/CONTACT/

Sorry, one more question. Who is REALLY in charge of this crisis? the banks?

Obama can clearly make things much worse by reckless spending and debt that doesn't create wealth. He says a lot of things that make no sense (listen to him), don't believe a word he says. He says he can save the economy, can he? is it his job? or is he just talking? I think a lot of what he says is a really big distraction. what is really going on?

[Will Barnard]

Delete the question mark, add an exclamation point and you have your answer. :lol:

[Account Closed]

Originally posted by nationwidepi:

Delete the question mark, add an exclamation point and you have your answer. :lol:

Thanks Will - that made me laugh!

I will go one further. I am believe whoever holds the oval office is a puppet to the fed. But I am one of the resident BP conspiracy theorists :)

Even if Ron Paul got made it to the oval office and tried to dismantle the fed; I presume the task would be daunting. I speculate there are a lot of politicians with a vested interested in seeing the fed (access to pre circulating/inflating, freshly printed money) stay in place.

I think real estate and exploring the options of wealth outside the green back are worth exploring and acting on as things get worse, given the context.

[Will Barnard]

Hey Matty, where have you been?
Long time no talk.
Hope all is well with you.

Are you a landlord yet?
Best wishes.
Will

[Hal Cranmer]

Matty,

You are absolutely right - the Fed is the agency nobody wants to talk about but has caused the most damage. Ben Bernanke is doing everything wrong and we will all pay for it. Politicians love the Fed because they don't have the guts to really raise taxes on us in order to pay off their spending. So they tax us through inflation and nobody notices.

I went to a Campaign for Liberty group meeting last night. They are really organized and are training libertarians to run for local offices - it made me feel like there is a glimmer of hope.

Right now it's just really hard to watch the country go down the tubes!

Hal

[John H.]

2012, still limping along!

I wonder if its better to flip houses to hoard cash, or hold them as future rentals if "stuff" hits the fan.