How can I profit from the Bush recession?

Question

Should I invest in foreclosures, defaulted consumer debt, destressed Enron bonds, or invest overseas like China and Europe where the economy and currency is strong?

G-man: The mortgage industry was going crazy selling mortgages that would never get paid back for big fees(preditory lending). The FED forgot to regulate the industry. Its called de-regulation. Now the bill comes due and the taxpayer will pay. What do you think?

Answer 1

start a company like blackwater.

Answer 2

Well one way is to buy foriegn currency wait for the US dollar to plumet and then buy in cash worthless realestate then rent it out to the very wealthy or the poor and end up more or less owning a lot of people and places - worked in 1929 and it is the same system then and now

A similar economic collapse happened in Germany after the 1st war which made facisim seem like the econimic answer for every one where the government cancelled the debt (an act of war the world ignored) and then printed money with the Chancelor having the sole right to determine it's worth as compared to services or goods (wage and price control)

A person who held Pounds in Germany instantly had access to million of Marks per British Pound

Now if the US dollar continues a slide and goes into a hyper all where the Euro is woth 1 billion US dollars as was the case in Germany imagine what you could not buy with a few thousand Euro's And then imagine what the average person with 100,000 US saved in a bank over a life time could buy. What a way to "win" but by simply understanding the ratio of worth and so on one can and in 1929 some did end up winning the Monoploy game big time

Answer 3

People like you make me hope that kids in the future pay more attention to econ 101.

US economy has been one of the strongest economies in recent times during the Bush administration. Unemployement hit historic lows. The stock market hit several historic highs. Home ownership is at its highest. If people chose to buy homes they couldnt afford, you cant blame Bush, give me a break.
You now blame Bush for people overspending and getting into debt?

You will see how screwed over our nations economy can be when the Bush tax cuts expire and the dems raise everyones taxes. And when that happens dont blame Bush. He tried to push to make them permanent.


Recession is what we were in right after Clintons presidency and what we pulled out of under Bush. Get your economic facts right.

All economies go thru highs and lows.



Why in the world is it the fed gvt responsibility to make sure people dont get involved in mortgages they can not afford. You KNOW how much money your mortgage will go up after the introductory rates expire. People banked on the fact that they could either sell or refinance before hand. They should have made sure they could afford the highest cost of the mortgage before signing. The ONLY person responsible for signing a mortgage deal they couldnt afford is the person buying the home. It is not the gvts fault, not the banks fault. You alone choose to sign that mortgage agreement. Maybe these people should have stuck to homes they could afford. If I go to a restaurant, eat a lobster dinner knowing I didnt have the money to pay for it, is it the restaurants fault for serving me when I cant pay my bill? This is what happens when a nation becomes dependant on their gvt for everything. They become whiny immature irresponsible deadbeats.

Answer 4

Short your stocks.
You sell now buy next week when the prices are lower.

Remember the S&L collapse, Keating Five (Including John Glenn).

Answer 5

Hey the guy came into office and turned everyone's 401k's into 201k's. It may be too late to make much out of his voodoo economics. Those of us who understood his ethics bought Halliburton. Tripled our money and got kbr when it spun off. Just take a look at his constitiuents (look who gives him money).

Answer 6

Buy low and sell high. You might have to wait a while to sell but the Democrats will take over in 2009 and things will get a lot better.

Answer 7

I think foreclosures is the way to go. Most people get pissed in an economic downturn, but the really intelligent see it as an opportunity to get a foot in the door.

Answer 8

Well, since economies on a national level move in 8 year cycles you will have to wait another year to see whether we have a "Bush recession".

Answer 9

Invest in the NYSE, you can't lose in the long run. The Feds will make sure of that.

Answer 10

Again, blame it on our President Bush...is there anything that you people don't blame on him? Look at yourself in the mirror before you judge him. How do you look? How do you measure up? Are you really any better?

Answer 11

Invest in businesses involved heavily in China and India. And just FYI, this is the bank's recession, not Bush's, it is not his fault the banks gave out loans to extremely high risk people.