Comments on: Protect Yourself Against Recession: Create A Supplemental Income http://frankkilgore.com/blog/protect-yourself-against-recession-create-a-supplemental-income/ Hand Crafted Tables, Refinishing Furniture, Option Trading, Marketing & More Wed, 08 Feb 2012 16:01:25 -0600 http://wordpress.org/?v=2.8.3 hourly 1 By: courtne-the-Great http://frankkilgore.com/blog/protect-yourself-against-recession-create-a-supplemental-income/#comment-69 courtne-the-Great Sat, 11 Oct 2008 11:09:34 +0000 http://frankkilgore.com/blog/protect-yourself-against-recession-create-a-supplemental-income/#comment-69 I like what you posted and I would like to add the followng: The 2008 RECESSION:  There is something different about this recession....  The DOW has no need to drop to 7000 due to banks going belly-up, IBM has no need to drop to 75 when it will display good profits, BOA should not be cut in half (or should it) while displaying it can make money....   What is really up?    There are three things we need to get a grip on before we can expect a turn around in the economy:   1)  Anybody can have a mortgage mortgage: some people are not ready to own a house.  Home ownership carries responsibilities.  There are repairs and tax pressures renters did not experience.  ARM is a ticket in, but the new homeowner MUST get a fixed mortgage ASAP!  New house does not mean new toys.  The mortgage needs to be paid....   2)  High fuel prices: Everything runs on fuel.  If we want prices to go down, we need to be able to run our engines at a lower cost.  Apples need gas to get to market.  Students need gas to get to school.  Heating takes gas/oil.  So the price of goods has not reflected the true oil price increase, yet.  Back to #1....  If you have no buffer for higher prices, you cannot afford a house...   3)  Jobs in America:  With the trend to push jobs to a cheaper workforce, there will be tons of people out of work.  Back to #1....  If you have no job, you cannot afford a house...  or fuel.   We are in a mess!  Why would it clear up next week?  It will not be.  I see prices dropping like a rock on Wall Street and banks increasing there rates to gain money.  Some businesses will not be able to expand or make payroll.  College funds will be lost.  Cars, toys, and big ticket items will go back due to payment pressures.  Why would I buy IBM Tuesday, October 14 at 85, when it could be 45 in a few months?  Recession means "Cash."   The Question now is:  What to do to hedge a major Recession! Some say buy everything and stay in cash.  That means houses, cars, toys, etc.  Money is pulled from banks (a small fund) to insure cash-on-hand.  Grow food at home and consider a chicken tractor or ideas like that...  I want to know what you think....  How should one protect their family, business, and money during the Recession of 2008. I like what you posted and I would like to add the followng:

The 2008 RECESSION:  There is something different about this recession….  The DOW has no need to drop to 7000 due to banks going belly-up, IBM has no need to drop to 75 when it will display good profits, BOA should not be cut in half (or should it) while displaying it can make money….   What is really up?
 
 There are three things we need to get a grip on before we can expect a turn around in the economy:
 
1)  Anybody can have a mortgage mortgage: some people are not ready to own a house.  Home ownership carries responsibilities.  There are repairs and tax pressures renters did not experience.  ARM is a ticket in, but the new homeowner MUST get a fixed mortgage ASAP!  New house does not mean new toys.  The mortgage needs to be paid….
 
2)  High fuel prices: Everything runs on fuel.  If we want prices to go down, we need to be able to run our engines at a lower cost.  Apples need gas to get to market.  Students need gas to get to school.  Heating takes gas/oil.  So the price of goods has not reflected the true oil price increase, yet.  Back to #1….  If you have no buffer for higher prices, you cannot afford a house…
 
3)  Jobs in America:  With the trend to push jobs to a cheaper workforce, there will be tons of people out of work.  Back to #1….  If you have no job, you cannot afford a house…  or fuel.
 
We are in a mess!  Why would it clear up next week?  It will not be.  I see prices dropping like a rock on Wall Street and banks increasing there rates to gain money.  Some businesses will not be able to expand or make payroll.  College funds will be lost.  Cars, toys, and big ticket items will go back due to payment pressures.  Why would I buy IBM Tuesday, October 14 at 85, when it could be 45 in a few months?  Recession means “Cash.”
 
The Question now is:  What to do to hedge a major Recession!
Some say buy everything and stay in cash.  That means houses, cars, toys, etc.  Money is pulled from banks (a small fund) to insure cash-on-hand.  Grow food at home and consider a chicken tractor or ideas like that…  I want to know what you think….  How should one protect their family, business, and money during the Recession of 2008.

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