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During
September, you should see more crisis mismanagement occur, third world countries
will selectively shudder a bit, as the focus of their problems comesinto
view and new allegations, of this or that financial problem, arise, causing more
ripples and waves through the marketplace. The atmosphere of economic confusion will
compound itself steadily, much as it did in September of 1929 when very similar
conditions occurred. There wasa lot of money available for investment and the European
currencies were devaluing into bottomless pits with unemployment and financial ruin
common place. In early October, though things will appear more stable, the elements
of crumbling values, will already be in place and the shockwave of a stock market
crash already past the breaking point. |
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The
conditions today, are vastly different then 1929, but the factors that triggered
the depression, were and are, all in place. The best advise that could be given right
now, would be for those commentators on CBC, CNN and where ever, to all get back
to work. Stop commentating, take a little longer time to think about things, mellow
out and get off the anxiety high that is driving things over the edge. The dollar
needs to settle down, both the US one and the Canadian one. The nervous mutual
fund investors need to consider 5% as okay and not keep looking for 20%. Military
planners should get to work on contingency plans for dealing with the Russian civil
war and if you have investment capital, purchase real property that will hold its
value, |
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