Report on the news that matters to your community and don't let us miss a beat. Send in your stories and photos.
My Recent Comments
I wonder whether people would be more interested in the comments of people who have demonstrated competence in forecasting. This article also does not include any of the logic behind forecasts of a recovery in 2014 or 2015. Perhaps readers would be interested in specific choices or adaptions that are relevant to them personally in relation to emerging and accelerating trends.
I talked to a millionaire in 2006 in Scottsdale who declined to heed my warnings. Soon, he was no longer a millionaire. Another lady (who was his employee) chose not to dive in to mortgage debt based on conversations with me and her financial success blossomed.
I made a list of 9 authors who published forecasts of at least one of the major developments of the last several years. I am one of those 9.
My first warnings about concern for a weakening real estate market (for the whole US and beyond) were in early 2003:
"Unless you have a very specific reason to believe that real estate will outperform all other investments for several years, you may deem this prime time to liquidate investment property (for use in more lucrative markets)."
When you read that article, you can see that I made reference years in advance to the collapsing of the credit bubble, a crashing of real estate prices, a continuing rise in prices of commodities like gold and oil, and my specific emphasis was on a particular sector of the US stock market that went on to rise over 1600% since late 2000. By 2004, I specified the most important causal issue in shifting global economic trends as the rising of fuel prices since 1999, which had also rocked the economy of much of Europe. I called it "The DominOIL Effect."
Obviously, different people have different circumstances, so as the economy of Arizona and the rest of the world changes, different adjustments will be relevant for different people. Some people need to focus on accessing cash urgently, some on radically improving their relationship to their debt, and some on prudent investing. One of the best ways of reaching me to assist you with prospering is through my blog, and here is a funny parody video on my blog about the mindsets that result in people temporarily doing other things besides adapting to the eternal shifting of risk and opportunity:
http://jrfibonacci.wordpress.com/2011/07/12/1645/Dec 11, 2011