I have a simply belief I always follow, It works.

[shockey80]

"If something does not make sense, something is wrong". Whats great about this belief is that there is no downside. It can't hurt you. It's a belief that keeps you on your toes. It keeps you alert. It makes you pay attention. It makes you want to investigate, learn.

This belief allowed me to be one of the very few people who saw the 2008 economic collapse coming. In 2007 I moved my retirement money and it survived the collapse.

If people followed this belief they would have never voted for Trump, Thats for sure.

[3Hotdogs]

1. In 2007, what conditions of the economy did you see, that didn't make sense?

[shockey80]

3. I watched the prices of homes double , triple, quickly and they sold by the millions, quickly.

They were coming off the market in a day. I did not know at the time what was causing this to happen. I knew it did not make sense and I knew it was a major threat. I decided to make a move and try to protect my retirement money just in case I was right. I was right.

[TexasBushwhacker]

4. I noticed the same thing

I purchased a foreclosure in 1986 for about 60% of what it sold for new just 2 years before. I had a friend who bought one of the homes new and I felt it was overpriced and that his ARM would be unsustainable. I was right. About half of the homes in the neighborhood went into foreclosure.

I see the same thing now. When the average family cannot even begin to afford a "starter" home in most parts of the country, something's gotta give. I don't know. Maybe we'll turn into a nation of renters. But I think it's more likely we'll have another housing crash.

Now, I'm not saying I predicted the depth of the 2008 crash. I was not aware of all the shit the banks were doing.

[3Hotdogs]

5. Thanks.

[dixiegrrrrl]

2. Our biggest retirement fund was in AIG.

I took it out in April 2008, after hearing "the sub-prime mortgage problem is contained" earlier in 2007. ( forget who said it...some policy wonk)
AIG crashed and burned in Sept. of 2008, I believe.