Big, fat, legitimate ones. Please read this and this. Are we headed toward a Depression-era problem or will this just be a 1987 miserable moment in time, which is bad enough.
I think it's perfectly rational to be spooked. The question is what to do? Do we put our money under our mattress? Do we sell stocks?
And, if we keep stocks, what's the definition of a "good" one?
A lot of real estate bubble blogs I've seen are pushing the panic button and sounding like 1980s Survivalists. (i.e. the "When Push Comes to Shove, the most plentiful food source in our cities will be Human Flesh! Prepare to Do What Must Be Done to SURVIVE!" types)
ReplyDeleteI'm hearing buzzword mantras like "Total Global Economic Collapse", "Worthless Government Fiat Currency", "Illuminati Conspiracy", "Second Great Depression", and "GOLD! GOLD! GOLD! GOLD! GOLD! GOLD! GOLD! GOLD! GOLD!"
Waiting for the "Coming One World Government (TM)" buzzphrase that tells me they've merged with the Left Behind crowd.