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in the zeitgeist

March 4th, 2008 at 04:54 am

Saving log - $0 tip box
Spending log - $1.50 coffee (got the next largest size today) + $13 lunch + $7 groceries

Through out the day today I felt bombarded with headlines - how to save $2500, what you can do to save, how Oprah saves, get out of debt, how to invest during the coming recession. As I stood in line at the grocery store and read the magazine covers every one had the message "hunker down the recession's coming" all over them.

Hunkering down is a comforting position for me, but being contrarian has worked even better for me in the past. I think its planning time for how to invest for better times to come. What companies are going to survive and thrive in the years to come? If I wanted to buy a house in say, 2010 or 2011, what would I want and how much would I be willing to pay?

When the whole world is zigging, time to plan for the zag.

2 Responses to “in the zeitgeist”

  1. katwoman Says:

    Anyone who is in the market for a house might want to get in on the action sooner rather than later. While the market is going to get even worse the upside for the buyer is that the banks are putting pressure on appraisers to lower the home appraisals. Otherwise the banks won't lend even if the buyer and seller agree on price! (This was reported on CNBC just this morning.)

    Topsey, turvey world we live in, ain't it?

  2. baselle Says:

    In a weird way its a highly entertaining world we live in. I prefer to wait for the real blood to be shed in the housing market. In Seattle we haven't seen anything in Seattle yet.

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