Avi's Economics Thread

[Avi1001]

Found in today's news....
http://www.ft.com/cms/s/0/4df99d28-4590-11e4-ab10-00144feabdc0.html#axzz3Ehvwv6c1

This indeed is very concerning. Our generation has become so accustomed to massive debt, on both the individual and collective levels, that we may be digging ourselves in too deep. Housing and college costs are the drivers. Let's hope we are not there.

 

[Avi1001]

I took basic economics when doing my undergraduate work, but in anthropology we also study macro-economics as well, so I did as such through my graduate work and beyond. However, when our economy tanked in 2008, I found myself totally unprepared since so much had changed in the last couple of decades, so I had to hit the books. Trust me, an old dog learning new tricks ain't that easy.

So you're an expert in economics too ? !!! Is there anything you don't know, Metis ? Were gonna have to preserve that brain !

 

[Avi1001]

Yes, both of my Oppenheimers are mutual funds, and both are fairly conservative. As far as Brinker's report is concerned, no I'm not familiar with it.

I only pay scant attention to the stock market as I'm a long-term investor who has no significant interest in day-to-day fluctuations. Also, at my age it would be foolish to take any risks, and I know of a fair number of people who got burned bad by the last recession, including a doctor friend of mine who had to go back to work because he lost so much, and he's in his mid-70's.

Recommendation: as you age, become more conservative with your investments and think more defensively.

Bob Brinker has a great radio show about investing. Check it out:

http://www.bobbrinker.com/radio.asp

580AM when you are UP in Traverse City !

 

[metis]

So you're an expert in economics too ? !!! Is there anything you don't know, Metis ? Were gonna have to preserve that brain !

Nah, if I were an expert I'd be rich. I just like to dabble in it to the point of making me dangerous. And if you really think I'm an expert in anything, you really need to talk to my wife about that.

 

[metis]

Bob Brinker has a great radio show about investing. Check it out:

Bob Brinker's Land of Critical Mass : bobbrinker.com Marketimer © Moneytalk Bob Brinker

580AM when you are UP in Traverse City !

I have run across him before, and thanks for the link. I was just near Traverse City a week and a half ago as we were heading from our place in the U.P. to our place near Detroit. I'll try to find out if any radio stations here carry Brinker's program.