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Oct. 10th, 2008 08:22 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
drewkittySo, anyway, about that financial crisis we're having:
Don't worry, be happy. Google it up on YouTube if you have to.
The money pros are doing basically one of three things:
1) holding pat and counting on long term market growth (this is actually most common)
2) shifting investments to strong foreign sectors, especially in regulated markets like Japan, and precious metals
3) scooping up what they perceive as great deals, but very very carefully
The rest of us shall merely have to suffer a bit. Stock your pantries, it's gonna be an interesting winter.
"A guy who goes broke in a big way never misses any meals. It's the poor jerk who's shy a half-slug who has to tighten his belt." -- Lazarus Long in "Time Enough For Love," by Robert A. Heinlein.
Don't worry, be happy. Google it up on YouTube if you have to.
The money pros are doing basically one of three things:
1) holding pat and counting on long term market growth (this is actually most common)
2) shifting investments to strong foreign sectors, especially in regulated markets like Japan, and precious metals
3) scooping up what they perceive as great deals, but very very carefully
The rest of us shall merely have to suffer a bit. Stock your pantries, it's gonna be an interesting winter.
"A guy who goes broke in a big way never misses any meals. It's the poor jerk who's shy a half-slug who has to tighten his belt." -- Lazarus Long in "Time Enough For Love," by Robert A. Heinlein.
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Date: 2008-10-12 01:32 am (UTC)