Comment about:  The Death of Real Estate Investing
.
July 18, 2008

Is it Really That Bad, George?

On my bookshelf I see "The Great Depression of 1990" by Dr. Ravi Batra, Copyright 1985. Isn't this perceived crisis just the latest in a long series of misperceived crises over the last twenty five years?

by John Gaudio

According to Finaxyz,

'Economists are good at predicting recessions. They've predicted eight of the last three.  -- there is no shortage of "professional" cynics all to trigger-happy to forecast doom and gloom.'

I sometimes think the markets are more contests of popularity and popular opinion than anything else.  We succeed as individuals because we choose to succeed.  When we believe there is no hope, we stop trying, and when we stop trying, we fail.

Tell me, George, and anyone else who has a good answer, what can we as individuals and private organizations do to succeed and prosper in this market?  I wasn't ready to throw in the towel in 1985, and I'm not ready to do it today! 


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