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thanks for the heads up!
Posted by James [Email] (more from James) on Tue, 5 Jul 2011 10:05:41
In Reply to: My gosh, can't they just have a paper for me to read?, bender
[Profile/Gallery]
, Tue, 5 Jul 2011 06:48:48
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I almost got suckered into listening to that... heard a couple minutes of blather about why what he was going to eventually say was so important + why he isn't crazy even though everyone else says so... that was enough for me to tune out... google search indicates it's a sales pitch, which is not a surprise...
So I won't comment on the "video", but I wouldn't be surprised if "Reality" chimes in on this topic...
Rather than wasting a lot of time listening to Stansberry (and certainly before supporting him financially), I recommend googling Jarislowski's commentary from 2008 and before (which incidentally is all macro 101), the main aspect of which was: this is a balance sheet recession and organizations will need to shed debt to survive. inflation is inevitable. Those carrying little debt have an advantage, particularly when interest rates go up... owning (not borrowing) real property is advantageous...
all that said, I think some of the doom + gloom can be overstated at times... there is opportunity also...
James...
posted by 216.59.25...
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