Unless you can’t read no good, you have probably noticed a shift in the topics covered on Funancials. Rather than reading How to Get a Job & Girlfriend or the Best Way to Split Buttery Nipples, you have been forced to read BORING articles on The Fed and the Economy. While I will apologize for dismality of Economics, I will not apologize for the shift itself.
I have undoubtedly lost regular readers, but I predict high praise (eventually) from those that have stuck around.
Here’s why…
Picture where you were in the years 2004-2008.
If you were to read an article during this time period, would you have rather read “8 Freaky Cool Ways to Save Money on Your Cable Bill” “Make More Money in Real Estate, Guaranteed!” or “The Fundamental Problems of Today’s Inflated Asset Prices” ?
If I were a betting man, I would guess most internet surfers were more prone to click on the former two. But…
…Which article do you think would have saved you the most money?
Slashing your cable bill for a total savings of $50? Potentially flipping a house for $10,000 profit? Or knowing how to position your money in order to prevent losing 40% in your 401(k) AND THEN riding the rally back up 40%?
Having been able to predict the meltdown, you would’ve reaped major rewards (and prevented major pain).
Now, I understand that it’s extremely easy to say all of this in hindsight; but who possibly could have seen this coming?
Actually, a lot of people.
You can simply read The Big Short or YouTube Peter Schiff as proof of this predictability.
The Next Crash
I truly believe that the worst is yet to come. Our “recovery” is completely artificial and it’s just a matter of time before the situation in Europe looks like a dream compared to our soon-to-be nightmare.
Because of this belief, I’m trying desperately to educate myself so that I can educate you.
So if you can continue to read my words, you’ll (eventually) be glad you did.
