Found this on Mish's blog, fell out of my chair.
As DJ Punk-Roc would say...
"ever get the feeling we been cheated"
Let's see... hmmm....
1 Massive Investment Bank... check
2 Small Airlines... check
1 Jewerly Store... check
1 Bailout for Home Builders (instead of Home Owners)... check
Yep, all the pieces are falling into place. March was one doozey of a month, no doubt. Who would have thought a time would come were I would fancy the idea of sitting at home watching the economic melt-down of North American civilization on CNN while scarfing down microwave popcorn (and I do mean scarf, for those of you who haven't seen me eat popcorn recently, I just can't get the stuff in fast enough).
Really snarky replies will get edited/removed, this is the advance warning ;)
3 comments:
Yeah, I've been thinking about focussing on paying off the mortgage instead of leveraging for investment simply because I know I'm going to "make" almost 6% on my mortgage and who knows what's going to happen with the markets.
My other thought, and one that I've put into play, is to buy RRSP eligible 'offshore' mutual funds. In a little over a month, my European fund has gained almost 10%! On the other hand, My Chinese fund lost 20% in the first 3 weeks (gack!) but has rebounded (its now back to 5% down but climbing steadily). Granted, Saskatchewan should be a fairly safe investment for the foreseeable future as well.
Over the foreseeable future, I'm predicting a crash of the American market followed, inevitably, by a drop in the Canadian market. Let's just hope the drought that they're experiencing in northwestern US doesn't spread here any time soon. (See http://www.awitness.org/journal/worst_drought.html for details.)
Doom & Gloom, Doom & Gloom, Doom & Gloom....
Hey, its almost spring, isn't it?!
P.S. I know nothing about investing. I'm basically just a big picture guy who likes to play a hunch. Nothing I've said above should be taken in any way as competent advice. ;)
Don't worry Clock, we never take your advice as being competent.
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