I haven’t wrote anything on here in a while and I don’t have a good reason. Been busy with the kids, buying and selling houses and coaching football this past year and decided to just let the blog rest. I do miss jotting down things I think about so perhaps I’ll write more in 2015. I’d sure like to get rid of that house in central corridor right about now. Dropped some mail Friday so hopefully the phone rings a lot this week. Me and Junior checked out the NFL Experience in downtown Phoenix today(Superbowl is here in Phoenix this year). He enjoyed the HUGE blow up football and looking inside the new GMC trucks more than anything. Didn’t catch the Pro Bowl but from the highlights it looks like it was entertaining! Stock market is still toying with new highs.. Gas is rediculously cheap. Housing seems okay.. Kind of quiet in Phoenix but very much a seller’s market in Portland. Will be interesting to see how far the stock market can inflate and if they can get loans flowing. Market could inflate if they do those 2 things.. Gold and silver have started to rise in the past month. I wonder if we saw the bottom in the mid teens or what will happen. Still mostly lower lows on a longer term chart..
Last week Greece was bailed out and investors took over 50% losses on Greek bonds. This week their credit ranking is downgraded and silver skies!
So it just so happens i get tires right next door to a coin shop. I go in and shoot the shit with the owner while I wait on my tires. I’m there about 30 minutes. 5 people come in to buy silver, one person comes into sell silver, and one person comes in with some junk to check the silver content in some old household items(which with a milisecond glimpse the owner told them was plated and worth it’s good old utility value..) My point is that it is crazy how backwards the psychology of the market is on Main St. People go crazy and buy when prices go up and they get scared and sell when things get more affordable. Don’t do this!! 🙂
“When a government(or governments) forcefully over value one money and under value another, the under valued money will disappear, and the over valued money will flood the circulation.” – Gresham’s Law.
The dollar is on a rally the past few weeks, due to the crisis going on in Europe’s economy. But, can it last? Or will that same very crisis in Europe end up leading to a reverse and help the dollar fall faster once the psychology factor levels off?? -Joshua Gamen