serious situation, page-5

v good post emerald.

chindia will slow down as usa and europe do. then top up ready for the upturn. many do not think europe is doing badly but believe me it is. in the local rags, estate agents are having 'subastas'ie auctions with some prices at 25% off recent selling prices. this, IS BEFORE the official gvt subastas take over. anything not sold by a set date will go into the pot. the best price offered walks away with the goodies. not many with any cash for that atm. we're going to see a bigger mess here. the banks tip their bad customers into the bin and sell what assets they can at the subastas. many banks have big write offs to come. its the same everywhere. all brought about by very very cheap money and irresponsible lending.

i'm sorry for people who're in trouble but this game is dog eat dog and having been cashed up waiting patiently since may 2006 i'm looking forward to the next months. my small remaining portfoilo is off 16% since it's high. it's just a 'play' portfolio keeping me in touch but all losses hurt. i bet many out there are already wiped out.

fwiw the 1987 crash had its warning signs in march 1986. I got out then. it was 19 mths to the crash. this time around the warning signs were in may 2006. i got out then (read my posts). in case you haven't already then yes it's 19 months to this one. coincidence ? read my link below.

be good,

40.