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In the ned banks are not really in that bad of a shape compered to teh 80's even. But some as alwasy will panic. Ron Paul suporters seem to be in qite a panic but that is understandable since he has gone by the wayside.
He says "banks are not really in that bad of a shape" - HAHAHA!
Do you have that link, harborlady? My dad always recommended buying gold and silver, as he has over the years. And now looking into metals vs. other investment/retirement tools.
In the ned banks are not really in that bad of a shape compered to teh 80's even. But some as alwasy will panic. Ron Paul suporters seem to be in qite a panic but that is understandable since he has gone by the wayside.
Here's a post comparing the 80's banking scandal to today's.
In the ned banks are not really in that bad of a shape compered to teh 80's even. But some as alwasy will panic. Ron Paul suporters seem to be in qite a panic but that is understandable since he has gone by the wayside.
Not to rain on your parade..but another bank bit the dust today in Minn.
happy texan- looks like this drunken neo con party atmosphere is getting a hangover. good thing I refused to partake, but we sure have a big mess ahead. It's still our country, and only ceases to be ours when we refuse all responsibility for our situation.
BUY Property. This is the time to buy property, when it is on the floor. It WILL bounce back and give you much more return than any bank or savings account plus you can earn rent while it builds. If you walked into a bank and said i'm going to deposit $300,000 into your bank and i want a big monthly return plus a interest that rises each year they would laugh at you. With property you get that plus you keep your investment.
Well let's assume the FDIC will actually cover you up to $100,000. So if you actually have that much or less then there not that much to worry about. As for anyone actually having over 100 K ( I'm sure most people on city have Waaaaaaaaaaaaaaay more than that in the bank. Right?) then your looking to spread your risk out among different different financial instruments, real estate, currencies, and commodities. Which ones you choose is up to your depending on your risk tolerance. I as a contrainian love the real estate market right now (physical land, homes) Also be big believer that agricultural land will become more and more of a premium as the world will cry out for more food production and possibly corn ethanol production. I'm also a bull in solar technology. I would suggest only investing in companies from Europe for solar power they seem a lot more serious about actually making there solar panels more efficient than U.S. companies. Another possibility is investing on uranium and coal mining companies stock. Both which do already have a high demand but I think will go to new heights in the next decade or so. Let see anything else?..............Well maybe if your a risk taker you may wish to invest to a giant multi-corp that been battered by the credit crisis. Say like........Citigroup. They've been taking a pounding for a little while and I think it almost time for savvy risktaker to jump back to the that stock. to be honest those types of companies did take a hit but that ain't going out of business. Well..........Ok Bear Stearns did happen but I think that the exception to the rule.
I wouldn't panic myself, but I have checked on my bank's ratings.
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My dad always recommended buying gold and silver, as he has over the years. And now looking into metals vs. other investment/retirement tools.
as I see it.
