There's no easy solution to Europe's woes - so plan for disaster

wotsthat

I think we might have been too harsh on Moneyweek.

Apparently we need to plan for disaster. What, stockpile canned food, shotgun cartridges and medicines?

No silly - we should be buying gold (obviously) and according to one contributor..

"high quality global franchises and stable dividend-paying stocks"

I think I might have misunderstood 'disaster'. At least when we pop out of our cave there will still be Starbucks, McDonalds and Subway.





http://www.moneyweek.com/investment-advice/how-to-invest/strategies/eurozone-debt-crisis-plan-for-disaster-14000

pqrdef

But I hear gold and silver are so cheap now.

geneer

wotsthat wrote: »

I think I might have misunderstood 'disaster'.

I think the particularly embittered and juvenile bulls make a point of "misunderstanding" disaster.

The global economic collapse and the resulting fallout has been pretty disasterous. And we haven't yet experiences the full ramifications of this.


But some bam states "I can still buy a pint of milk this morning" suggesting that as we haven't degenerated to a mad max style wasteland these predictions are wrong and everything is fine.


They were playing the same games in 2007 as I recall.
Not to say they're grindingly unimaginative in their continuing scrabble to validate previous errors in judgement.

wotsthat

geneer wrote: »

The global economic collapse and the resulting fallout has been pretty disasterous. And we haven't yet experiences the full ramifications of this.

I've told you a million times about exaggerating.

How come if there's been such a collapse I was able to fill my car with petrol this morning and buy a pint of milk from the garage as well.

robmatic

geneer wrote: »

I think the particularly embittered and juvenile bulls make a point of "misunderstanding" disaster.

Or being sceptical about the hyperbolic use of the word. Why does that implicate bitterness or juvenility?

geneer wrote: »

The global economic collapse and the resulting fallout has been pretty disasterous. And we haven't yet experiences the full ramifications of this.


But some bam states "I can still buy a pint of milk this morning" suggesting that as we haven't degenerated to a mad max style wasteland these predictions are wrong and everything is fine.


They were playing the same games in 2007 as I recall.
Not to say they're grindingly unimaginative in their continuing scrabble to validate previous errors in judgement.

Who exactly has made an error of judgement? If we are about to experience your financial apocalypse, it would be sensible to accrue cash and hard assets in advance of this. Despite your piercing insight, it seems to be the people you term 'Bulls' who have done this and not yourself...

geneer

robmatic wrote: »

Or being sceptical about the hyperbolic use of the word. Why does that implicate bitterness or juvenility?

Nice try. But you don't appear to mind hyperbole when it suits.
The bitterness of juvenility comes by attempting to undermine the significance and seriousness of worldwide economic issues by feeble pedantry and trite irrelevant observations.

robmatic wrote: »

Who exactly has made an error of judgement?

Everyone who in the run up to 2007 said house prices could not crash.

robmatic wrote: »

If we are about to experience your financial apocalypse, it would be sensible to accrue cash and hard assets in advance of this. Despite your piercing insight, it seems to be the people you term 'Bulls' who have done this and not yourself...

Yawn. Equally it would not be sensible to accrue debt on assets that were guaranteed to suffer a significant drop in value.
That would be a particularly good way of protecting yourself from a downturn I would have thought.

wotsthat

geneer wrote: »

The bitterness of juvenility comes by attempting to undermine the significance and seriousness of worldwide economic issues by feeble pedantry and trite irrelevant observations.

Good to see the word randomiser still works.

Come on; play nice otherwise you'll get put on the naughty step again.

robmatic

geneer wrote: »

The bitterness of juvenility comes by attempting to undermine the significance and seriousness of worldwide economic issues by feeble pedantry and trite irrelevant observations.

Stringing the fancying sounding words you know into a single sentence sounds really clever, doesn't it?

geneer wrote: »

Everyone who in the run up to 2007 said house prices could not crash.

I agree that those people were a bit foolish. Who are these muppets?

geneer wrote: »

Yawn. Equally it would not be sensible to accrue debt on assets that were guaranteed to suffer a significant drop in value.
That would be a particularly good way of protecting yourself from a downturn I would have thought.

Taking on a moderate amount of debt prior to a bout of inflation would be a pretty smart move, as would having ownership rights on a property.

Even though I'm bearish on property prices, I like having the option of receiving a tax-free income simply from having a spare room available to rent out.