I have lived through four 11 economic cycles since I started taking an interest in money. If you just think back you will remember how they go.........Everything is crap.......good place to start......
year 1 & 2 Wallowing in self pity and giving it a lot of woe is me Sound like 2011 /12 to you?
year 3 Banks begin to raise interest rates for people who can put in or already have in a certain amount. You can get 3% gross. Credit Cards for the poor come out which they basically give away.
year 4 and 5 things will get easier and 100% mortgages will return.
year 6 & 7 the high spots, when you can get any money you want and any cards, as the records are all in storage, off line.
year 8 & 9 Tightening due to a bank screwing folk with crazy plans
year 10 & 11 Banks cash in and get bailed out again !!!
This has happened over 2001/2009 1991/2001 1979/1989 1968/ 1978 I made money in three out of four. One I just watched at the beginning. They all went the same way. So you got 5/ years to get in and get out in this starting cycle.
year 1 & 2 Wallowing in self pity and giving it a lot of woe is me Sound like 2011 /12 to you?
year 3 Banks begin to raise interest rates for people who can put in or already have in a certain amount. You can get 3% gross. Credit Cards for the poor come out which they basically give away.
year 4 and 5 things will get easier and 100% mortgages will return.
year 6 & 7 the high spots, when you can get any money you want and any cards, as the records are all in storage, off line.
year 8 & 9 Tightening due to a bank screwing folk with crazy plans
year 10 & 11 Banks cash in and get bailed out again !!!
This has happened over 2001/2009 1991/2001 1979/1989 1968/ 1978 I made money in three out of four. One I just watched at the beginning. They all went the same way. So you got 5/ years to get in and get out in this starting cycle.
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