kreep79

 
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  • in reply to: Is This Black Monday Crash The BIG ONE? It Doesn’t Matter #23432

    kreep79
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    Cash is King! That is the bottom line. All asset prices will fall. People will be selling their houses in droves or at least trying to. Housing prices always move much slower than stock prices but in the coming scenario it will probably move quicker than 2007-2009 debacle. It may be different if you own your house and you don’t consider it an investment. Jobs will be scarce and if you do have a job you will probably be taking a pay cut. This will come as an overwhelming surprise to most. Consider the fear that will be generated. Inner cities will become dangerous. Even if you rent, many landlords, who have bought rentals in recent years, will be sellers. All asset prices will fall…..EVEN GOLD!

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