Sorry, about one year ago you called me “doomster” because I told you that it is going to be much worse before it is going to be better…
It was very clear that the situation was going to be worse that in 89-94 because the conditions are different.
You should trust people with some economics knowledge…
I do trust you Flosmichael, I don’t think I would have used the expression “doomster” or in such a negative context you show above, about you, but if I did I apologise.
But the point is, for some the worse the situation is, the better it becomes, for many this is OPPORTUNITY KNOCKS I think it was Mark that quoted someone with the greatest financial knowledge being Warren Buffet when he said something akin to… “Be fearful when others are greedy, yet be greedy when others are fearful”.
You will forgive me if I go with Warren Buffets view I hope.