Deja Vu' All Over Again

Well the last post I placed on this blog was in 2005 after we moved to Elko ahead of what I perceived at the time to be an overdue bursting of the housing bubble. I got busy with life, changed careers and adapted to new challenges and even adopted some in the process. I made friends, formed and dissolved corporations, got diagnosed with ADHD and have been lulled into the complacency that everyday life offers.

The economy has always occupied a back burner for me though and I have continued to monitor the housing, commodities and general economic market news on a daily basis - without really preparing for it's impact or successfully communicating it to any of the people I care about. To be honest, the numbers were too big and the hue and cry of people like Peter Schiff and John Talbott had more of the ring of a Chicken Little then a Cassandra to it. The scope of the financial crisis the entire world is in is simply too big to be believeable and yet there it is looming off the bow with all the impending doom the icy metaphor conjures.

I wasn't motivated to restart this blog - a format of "news" that I have come to loathe - until this Thanksgiving weekend though when I was sharing a cigar on the porch with my Dad and Mike. We were talking about the 60+ percent drop in the value of my Dad's house when he said 'It would have been smarter to have sold the house, pocketed the money and rented for a few years when we could have paid for a new one in cash right now but who could have known back then?' . My step brother agreed with him and I stayed silent despite the fact that we had that very same conversation with my Dad in his living room way back in the summer of 2005 before we moved.

My brother remembered though and recommended "keeping a blog to document this stuff"...so here I am again, armed with flannel pajama's and an overwhelming sense of impending doom.

It's my goal to not just document my advice and perspective but to give it a little clout by backing it up with the sources I have used to formulate them. It really just comes down to simple arithmetic... just like the Titanic did.