Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I've been rather busy with fundamental life changes - and I feel a bit like an outsider. I also deal with written language poorly. So I haven't been around all that much in the last few months.

That said, ET was extremely important in my wife and I in our planning on how we were going to cope with the economic downturn - (and hence our fundamental life changes.)

We weren't confident enough to short AIG - but we did "bet the farm" more or less. Part of what gave us the confidence was ET.

I have on occasion, briefly popped in and peaked at what was being posted. One of the people I have always looked for was you, Frank. I like to read what you have to say, and I want to read more.

aspiring to genteel poverty

by edwin (eeeeeeee222222rrrrreeeeeaaaaadddddd@@@@yyyyaaaaaaa) on Sat Apr 4th, 2009 at 02:31:07 PM EST
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I wouldn't bet the farm on my economic advice!  Hope things are going well for you...

notes from no w here
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sat Apr 4th, 2009 at 03:03:40 PM EST
[ Parent ]
It's too early to tell. We bought just under 9 acres - most of it wooded and with a stream (and under environmental protection) and are entering very early retirement on a shoestring with a moderate mortgage but no other debt. Our fear was that we would be entering a depression on massive debt and high leverage with a somewhat recession proof, but not depression proof form of self employment.

We did some talking with stock brokers who seemed to be of the opinion of:

  1. things aren't gong to get that bad
  2. things are better in Canada than the US and aren't going to get that bad.
  3. invest in stocks - they are a good investment and things aren't going to get that bad.
  4. even if things get that bad it will be soon over and you should invest in stocks.

The discussions in ET were of significantly higher quality.

aspiring to genteel poverty

by edwin (eeeeeeee222222rrrrreeeeeaaaaadddddd@@@@yyyyaaaaaaa) on Sat Apr 4th, 2009 at 03:43:09 PM EST
[ Parent ]


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