Monday, October 13, 2008

These are the Times

There doesn't seem to be much consensus on what the markets will do Monday and after that it's any one's guess.

At times like this, it is good to remind ourselves that it is unlikely that the World is going to come to an end or even slow down all that much. Six billion plus inhabitants make it a pretty busy place, usually. When all is said and done, life goes on. There are always risks. There are always opportunities.

The system that the World is currently using is a capitalist one. Some may want to change this and they may but not tomorrow. When we have a market crash like this, ownership gets cheap because it's risky. I think it's smartest to buy into organizations that provide and facilitate the things that people really need. People will still want shelter, power, food, fuel, communications, transportation, at the very least. Sex and intoxicants, while they may not be, strictly speaking, necessities, are always in demand. People are going to be willing to sell those things they don't really feel they can afford to keep and others will be willing to buy them, if they are for sale cheap enough. Currencies become unstable at times like these, some will hold up better than others, begging arbitrage. Small amounts of easily transported materials with high intrinsic value may become highly prized mediums of exchange, gaining added value. Your labor may or may not be deemed valuable by others, depending on what you can do. Opportunity knocks.

Some people suffer in times like these. Ultimately, it is up to each of us to do the best we can, to make sure that we do not fall into that category.

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