Saturday, October 11, 2008
New Economy Post: The Mother Of All Garage Sales
Chaos urges you, in this new financial reality in which the world has stepped, to refrain from needless purchases of tangible goods, save for those directly related to vital needs. The reason is that, over the next few years, the destruction of money (deflation) will relentlessly depress prices of many assets (think houses, vehicles, rvs, motorcraft of every kind, and much more) to the point that those with cash will be able to avail themselves of some very cheap bargains. Chaos has very little knowledge of economics and finance (that has been amply shown in the past few weeks...to much chagrin), but this is a no-brainer.