Posted by
Doug Wolkon on September 19, 2008 at 5:16 pm
A developer once told me that if you do a deal with someone that has fleas, your bound to get fleas. For example, Bear Stearns and AIG have fleas. I understand the fear-based argument for getting fleas, “We have no choice”. But borrowing more money to participate in the Flea Market can’t be our only choice. What if the “Free Markets” posed another choice? What if there was a much better way than borrowing more time and money just to get fleas (and these are big and scary fleas)? Continued »
Posted by
Doug Wolkon on September 18, 2008 at 12:15 am
As the Fed continues to “print” more money what is the effect on the economy. Can they “print” their way out of this economic slide by lending more and more money to their friendly financial institutions? “Printing” more money against the same asset base is like an alcoholic having “just one more drink”. Such an attitude eventually leads to another and another…it is a bad idea and only works to “inflate” the existing problem. Continued »
Posted by
Doug Wolkon on September 10, 2008 at 7:48 pm
You must invest retirement savings in the businesses and real estate in your own State. The U.S. economy has changed. It has become more local and will continue to do so to fight off imported inflation. The dollar has inflated. It has dropped about 50% in value from its peak across all major trade currencies. As a result, we are experiencing a much higher cost to transport and import goods and services.
However, the reality is that it is the perfect investment opportunity to start working the local land again. Prices for local farmland is relatively low as it relates to higher prices from more demand and lower supply. Continued »
