Coffee in the bloodstream, cat on the mouse hand demanding attention, I am ready to move from economic spectator to participant.
What is the average Transition Guy to make of all the economic information available? From 7x24 Cable News, to Internet sites too numerous to count, to email and tweats from dilettantes there is no lack of economic information. Whether by choice or coincidence my sources clearly describe significant economic contraction in the future. In fact, the only "positive" source of information is the Dow which continues to barrel along with at least short-term confidence. The Dow is highly suspect IMHO, with a significant percentage of daily activity driven by computerized trading between Fall Street firms having nothing to do with long-term investment strategies and everything to do with short-term profits.
The conventional wisdom expects you to profit from your economic predictions, it being possible to make money in any market, rising or falling, if your predictions are correct. However, I continue to be primarily concerned with protection of capital, primarily 401k's and some home equity, and positioning myself and family to be as near to sustainable means of food production, as soon as possible. I hope that the current cycle of Extend and Pretend successfully keeps the economy stumbling along long-enough to complete my own plans of de-leveraging and relocation.
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