Wisdom from The Action Wisdom In Action

You May Have Heard About the "Death Cross" in TV

Well, it just signals that we're in for another dip--they say double-dip, but the media obviously missed one. This would be a third dip (the WV recovery I mentioned previously).

A number of indicators all point south in a big way--this is stuff we already knew. It's going to continue as long as Obama pursues Socialist policies and agendas (he calls it "transformation").

Once again, Wall St. is playing catch-up to reality instead of leading it.

Deflation is coming, and this means it's once again time to get out your wallets and start spending--the deals will be good and abundant. Enjoy it while it lasts.

As usual, at the end of the deflation comes an upturn--it won't be the
Great Upturn that brings us back to prosperity, but it will be a temporary upturn that will give us a little room to exhale in our portfolios, but only a little. Like the ones before it, it will be short-lived, and once again, we will flounder sideways until mid-term elections, when (hopefully) Obama will make a Clinton-like shift with a Republican congress and start making the right moves (just in time to get him re-elected).

Do NOT fall for this! Enjoy your coming respite from high prices, and don't forget to vote this jerk OUT in 2012. Then, sit back and enjoy the ride up to restoring prosperity again. Be the ant in this dip--stockpile everything reasonable NOW while it's cheap, make home improvements that will add to your bottom line on sale day, and get that debt paid off (including the mortgage) because as we recover, prices, demand, and interest rates will once again rise, and the grasshoppers will proliferate (just like before). Stockpile and make improvements so you won't have to try to navigate among the grasshoppers trying to find a deal (when the deals were during the dip), and stupidly buying at any price while living for today.

The time to sit back and watch the grasshoppers and locusts is post-dip, and it can be perversely enjoyable to see the stupid-people-with-money tricks (that got us INTO this mess) crop up once again to eventually get us into ANOTHER mess down the road. The place to spend our money will be in our emergency funds and retirement portfolios, not at the malls and stores (while we wait for the next dip to start spending again).

The "death cross" and deflation are our friends as consumers.

Posted by Cute at 5:54 PM

Labels: financial (non-tax), food purchases, taxes