The Housing Market

I have managed to piece a little bit of the big picture despite generally tabloid-ish nature of the media. I wouldn't say that cash is king at all, in fact quite the opposite, cash is a liability. Well at least some currencies.

As I'm starting to learn, only commodities can really be a safe investment before an impending economic slowdown. How quickly did the stock market bust take? Not very long at all. I am pretty sure that the housing bust will be a debilitating event for America's economic health.

I know this all sounds a little doomsday-ish, but even from a historical perspective, the current situation is disturbingly unique. All possible economic indicators, everything from job security to the education system in America are pointing towards a definite slowdown in the economic capability of the US. And the ultimate prognosis is that it can only get worse. Explain to me how the US can possibly maintain its standard of living, grossly above the rest of the world's, when everyone now has access to the same resources that initially provided America with its prowess. It all really is a little ironic actually. American productivity has given the world almost everything, freely, and now it will be destroyed by its creative gifts to the rest of the world. Its just amazing that it all happened so fast.

Quite frankly, I'm obsessed with the issue. I don't see how anyone wouldn't be if they knew how all this drama is going to affect them in almost every material sense. I don't even think I'm being naive in the thought that every young generation goes through a process of apocalyptic thinking...the internet has dramatically sped up the pace of all forms of evolution: social, cultural, and economic. The problem with all this speed is that no one has the time to think critically about the consequences of the decisions that are forced upon them everyday.