Financial crisis. areas least and most affected so far?

[tiznow]

yeah its slow spillage and disperses itself as the deflationary spiral of death feeds on itself

like i say there tend to be epicenters and the ripples slowly filter nationwide over time

obviously some places will be better than others no doubt

also out east probably will hold up the better than most i'm guessing

as all the big boyz in the financial world are all located there and all getting handouts left and right

plus tourists from abroad like the east coast as well

although the strong dollar of late will hurt some of that going forward

 

[BASEHEAD]

again this will lag

talk to me in a year or so

if oil is sub 60 still

bottom line folks stock markets predict the future

the UE spike and pain on main street has just begun

like today they said initial claims jumped to highest since we were EXITING the early 90s recession

initial claims spike has just begun and we nowhere near exiting a recession

it just in the infancy stages

Please note the thread title..... 'so far'.Theres my assessment 'so far'.

BTW 'Just fine'? Please dont put words in my mouth.

Im curious,have you been effected negatively by the 'carnage'-do you expect to be?

 

[tiznow]

i'm about the least how the economy is doing dependent person you can find

i don't own hardly anything, i don't want hardly anything (other than a roof over my head and food on the table), and don't make much

its kinda nice way to live

the world just floats on through its ebbs and flows as you do your own thing being content with your modest lifestyle

greed and desire for materialistic garbage near term amongst the masses which is egged on by the powers that be

is part of the reason we in this trouble to begin with

 

[BASEHEAD]

i'm about the least how the economy is doing dependent person you can find

i don't own hardly anything, i don't want hardly anything (other than a roof over my head and food on the table), and don't make much

its kinda nice way to live

the world just floats on through its ebbs and flows as you do your own thing being content with your modest lifestyle

On the flip side I own quite a bit.I like to buy things and spend money.The key is fiscal responsibility.In times like these,if youve got job security and have planned accordingly during the fat times,the lean times become more managable.My wife and I are hardly rich but are comfortable and like I mentioned have taken advantage of circumstances evolving from this crash.I do not sit up late at night worrying about anything to be honest.

Im a free spirit as well bro.

The other day I was talking to a buddy of mine and attempted to come up with a negative consequence in my life due to this crisis and couldnt come up with one.Of course my portfolio is suffering but Im in it for the long haul and dont get anxious over the markets behavior.I can count on one hand the times Ive used equity liquidation as a means of personal income over the years and these were special circumstances where the yeilds were just too great not to act on.

I did however come up with a couple of positive ones however.

 

[tiznow]

yup spending lots as long as its within your means and your income is just fine

just gotta be sure you save enough of your income away for a rainy day (and are diversified not super heavy on the equity side) and sounds like you have

and don't take on gobs of debt

unfortunately most american's haven't and are about to learn a hard lesson

as for the long haul on equities

this is gonna be an L shaped recession

don't expect to see 14000 dow again for another 10 years or so (secular bear market started in 2000 at peak of tech bubble)

no V shaped bounce here.....IMO

this the big one....and we've been building to this day for a very long time

as the western liberal socialistic economic model finally reaches maximum capacity and is no longer sustainable

it will be a painful and interesting process to see where this leads long term that's for damn sure

my cool aid man to my left has an idea of where we heading though as far as the next 4 years go

 

[tiznow]

Back in 2002 there was a humongous real-estate boom here. 90K houses selling for 300K and more. I always wondered how people were buying up these houses and driving 50K Cadillac Escalades while I drove a Honda Accord. It all makes sense now.

yup it was pretty wild watching it all take place wasn't it

just couldn't believe some of the shit i was seeing

the peak of the madness for me personally was end of 2006 early 2007

my grandma's house in suburbs of chitown that they bought probably for 10k back in the 40s or early 50s was having foundation problems (underground foundry in the area) and she was getting old (widow)

in her neighborhood this builder was going around buying up homes for 300k knocking them down on small ass lots building 800k brick mcmansions

anyway needless to say my grandma got out and ran as fast as she could to a retirement center type place

 

[BASEHEAD]

http://www.chron.com/disp/story.mpl/business/energy/6124447.html

Serendipitous.