Keith Devens .com

Entry 145

I've been thinking a lot about "the coming depression" lately. I have confidence that it'll happen eventually... within my lifetime, definitely. It'd be nice if it didn't, but it seems like we're due for one. The economy will probably keep running down the tracks for a few more years, but after that... we'll see. I really liked the section I quoted in the Dvorak article below.

The thing that's unnerving is that you really can't do anything. It's not like when a hurricane is coming, when you can get sandbags, stockpile food and water, etc. Lulls in the economy last a lot longer than that, and I doubt there's any way to prepare for them. I'm trying to save up as much money as I can now, and there's no way I'd 'play' the market.

Permalink | Comments? | id 145

00:00 (utc-4)