Roland Francis wrote:
> There will be recession in the U.S – it hasn't happened yet, but I'd
> be surprised if the third quarter didn't have moderately negative growth.
Roland,
It is much easier to understand things if the proper terms are use to describe
the situation.
"Moderately negative growth" is not growth. The proper term is contraction.
And this time
there is nothing moderate about it. The western financial system is on its
knees.
> That's changing, now there will be severe regulations put into place.
Regulations were in place. The current US administration removed them and
asked the industry to "self-regulate." Now the adm has come up with a "I am
from the govt
and I am here to help you."
> This is a great opportunity if you're a long term investor with a time
> horizon of three or four years; it's an opportunity to be picking up
> high-quality companies at very reasonable prices.
Buying anything now is like trying to catch a falling knife. More often than
not, you will get hurt.
Let the knife fall on the floor. When its not falling any more, one can safely
pick it off the floor.
Check up the word "stagflation."
The situation we are in can last for five years or more. There is no hurry to
buy anything.
Mervyn3.0
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