The Sale of a Lifetime

I check out random finance books that I find in the finance section of my library. This book is all gloom and doom. The author tracks demographics and historical trends. He is also really good at selling his financial advice. He says the stock and real estate markets are going to collapse any day now. I completely agree with this especially if you look at the market from this guy's - a member of the baby boom generation -- point of view.  Our markets sit on air because we believe they float. As soon as we lose that faith, poof!

However, I started this other book called Plutocrats. A (relatively) small number of people are buying stocks and real estate. Monaco has always been a wealthy country because people with money like to go there. So maybe this small number of people can hold up this bubble by continuing their weird pyramid scheme games? Or maybe it just doesn't matter that wages are flat in the US because other countries' economies are growing and so then grows the profits of the US based but multinational companies. Either way, the US is going the way of Mexico where the bulk of the citizens live in poverty with no hope of a living wage.

Back to the Sale book. He has $0 in the stock market. He puts his money in US treasury bonds and other safe investments and waits for the storm.