My investment counselor sent me something today “Here’s two economic indicators showing it’s time to buy!” Bogus indicators. Here’s what I wrote back.
I’m not convinced. The markets in China and Brazil have fallen off, there are signs of an ugly power struggle coming to light in China, the euro-zone crisis is nowhere close to being resolved, and we’re close to historic highs for food prices in a large number of flashpoint countries including large chunks of the Arab world, already experiencing a lot of turbulence. Traditionally when the food price index bumps above 215 you may have food riots, and above 240 you’re pretty much guaranteed of food riots. All of this will bring a steady feed of turmoil to the markets so that every bump up on good economic news out of the States will be levelled off by bad news somewhere else as the markets are looking for excuses to be timid, not brave.
Our government is getting into a pissing match with Iran as a proxy to the US, and that is going to direct state sponsored terrorism to Canada within the next couple of years.
Unless Global Security has some investments for me in retirement homes, food coops and hacker spaces, I’m going to sit it out. I may also buy land, but I haven’t figured out where.
One thought on “Oh for the love of Pete”
Sounds like YOU should be in the investment counseling business.