3 Years ago we moved most of our nest egg from mutual funds, which we
thought were too broad, that it was going to be a overall downturn, with
a few isolated safe havens to local savings and loan (Federal thrift
federal that Washington wants to make a commercial bank :( ) and former
air traffic controllers credit union. A small portion is stock in 2
local (Cleveland, Ohio) companies doing international business, one
exports heavily Cleveland made product to China. We do feel this is
conservative, which at 71 years we feel appropriate. Have joked with our
broker, as to what type thread we should use to sew the loot in the
mattress. :) :)
Anyone that predicts a long term upturn is mistaken. There have been too
many fine organizations dismantled, production machinery scrapped, and
foreign ownership with all the profits leaving. Stay liquid, don't owe
anybody anything so they have a lever over you. Watch Clark Howard, Dave
Runyan, and Suze Orman. They are probably more honest than you will find
anywhere else. As far a rural, think if things get tight, how far to buy
food at what cost, can you raise your own?
NOPE9 wrote:
> I am trying to predict ( ha ha I know economists get paid a lot of
> money for this ) what the economy is likely to do and what my best
> strategy for surviving is. I live in Denver, CO USAville. I am
> planning to move to a rural location. If the US government prints and
> spends more money than they collect doesn't this make inflation
> inevitable ? Won't prices rise on goods that are not effected by
> productivity gains and innovation ? ( real estate for example )
>
> I have started by tracking gold prices.
> I also looked at the CPI ( consumer price index )
> The CPI does not seem to reflect the reality I know.
> The inflations of the 70s seem to be non-represented by the CPI.
>
> Any suggestions for items to track ? Wholesale prices ?
>
> Are there good sites that cover this arena ?
>
> Best
> Gus
>
>
>
>
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