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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
The End Of The Grand Supercyle!
Nick Russo (480-816-1619) is one of Wall Street’s most respected stock traders and is considered an authority on trends and the market place and co-authored “A Life Plan of Wealth and Success for the College Graduate”.
Nick calls the period just after World War II to now the “Grand Supercycle” of growth and prosperity in the United States. He has talked about it for many years, until now. Today, Mr. Russo believes that the cycle is over and we are facing a Big Rollover which is now underway. He predicts that this rollover in 2008 will be as devastating as anything seen in the Great Depression.
The wealth gap between the haves and the have nots seems to be getting worse, as the middle class is getting crushed and the rich are getting (fabulously) richer. Why? As inflation and prices for goods and services have continued to climb over the past 25 years, incomes, in constant adjusted for inflation dollars, have actually trended down. No wonder we have no net savings rate as a country and mounting consumer debt. People have been using their credit cards to plug in the shortfalls from their earned income.
So, as the Big Rollover approaches, what does Mr. Russo suggest that we do and how do we prepare (protect wealth) and profit from it?
First he explains that inflation was able to mitigate debt over the past several years. Now, deflation will evaporate net asset values. He also thinks that China will cool in two years, from 9% to 4% growth. (peaking at the time of the Olympics?). He reminds us that the downside is always faster. And, recommends reducing debt now to survive the drop.
What to do now?
1. Sector investing is more important than ever.
2. Look at Master Limited Partnerships and Trusts.
3. Generate cash-flow from covered call writing.
4. Investing in special situations in real estate – Strategic Real Estate.
5. Find alternative ways to finance real estate.
6. Investing in Precious Metals (insurance).
7. Investing in commodities (2001-2010).
8. Buying physical Gold & Silver (wealth preservation).
9. Investing in the aging population (special situations in health care & biotech).
10. Do things that will make you happy.
11. Create a backdoor escape (to get out of the urban living if and when things get bad or for retirement. Nick believes that people are not happy in their urban lives).
12. Stop our false sense of entitlement.
- Market Wrap Links For Week Ending 7/25:
- Prudential, Keller Williams Agents Get Top Ratings
- What Is Washington Smoking?
- Pre-market Open News & Links For Friday
- How Housing Rescue Bill Can Help You
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
- e-techblog
- SiliconValleyWatcher
- Millionaire Now! by Larry Nusbaum
- Ludwig von Mises Institute
- Credit Bloggers
- Wishing Wealth
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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