Thoughts for the coming depression

I was on a call with T. Harv Ecker and Harry Dent Jr who is a leading economist and he believes that we are going to be in a serious depression for the next 3-4 yrs. He believes that oil will go back to 80-110 dollars per barrel by the spring. If you invest in an ETF such as USO you can make a lot of money when this happens by selling out at the top end which will probably be the fall of 2009. You can also make money on the down turn when prices begin to tumble back down. Harry also believes that it is not a good idea to purchase real estate until 2013 when the prices finally bottom out. Then to reinvest in starter type homes and retirement homes. Mcmansions will be a thing of the past. His whole theory on economy is based on demographics and he believes that the Asian markets will be the place to put your money as thier demographics will be able to support growth. In this country health care will be a big attraction as well as the types of real estate mentioned above. Imagine being able to buy a home for what our parents paid with the low interest rates. It could very well happen. Harry also pointed out that it may behoove some people to sell thier homes now while they may get a decent return and rent until 2013. My parents bought thier home for ten thousand dollars back in the sixties. Cash will be king and you need to prepare for the future if you are to prosper. Great fortunes were made during the last great depression for those who had the forsight and lack of fear to create thier own opportunities. Just my thoughts and two sense worth but I am rethinking all my current projects and investments. Peace Catmandon

Another mess on the way

Good evening all, We have another storm headed our way.Up to 14 in of snow. We had four inches today, and then another one coming on Sunday. The ice storm damge was like a tornado came through. Some people are still without power. I looked at two interesting jobs today. One was a oil spill. The oil company spilled 20 gal of heating oil in this finished basement in Sept and the place still stinks. Another was from the same oil company , they screwed up a furnace installation and water poured into this guys crawl space for a week. Its going to be a challenge but financially rewarding. Talk to you later. Peace Catmandon