I think that the United States is approaching multiple financial crises. The Fed made a once in a generation move today, cutting the federal funds rate by .75%, a huge change in policy. Bush is trying to put together an economic stimulus package going into the elections of $145 billion. But I don’t think that these measures will do anything more than delay the inevitable bursting of the bubble our economy has been in. Our country owes an immense amount of debt globally, the real estate and credit markets are caught in a quagmire and global market indexes have begun to crash in advance of the American economy. Previously my estimates of when the collapse would come ranged from 6-20 years, now I think it could be much sooner.
What am I investing in? I’m not really sure what the best investment is at this time, but I’m probably going to either get an options account and start short selling or invest in global mutual funds that keep out of the United States.