Real Estate /
Banks in Poland selling fewer mortgages in 2011, down 49% [285]
Reality today most people with money don't really have safe options how to invest it - people without money are basically in trouble
So based on your quote we are all doomed, rich or poor, there are asset classes out there that perform well during times of uncertainty. Hard/alternatives have always been used by the wealthy as a preservation of wealth during inflationary periods.
I'm not sure how/if this will ever clean up - while we may not repeat what happened in Japan - it really is impossible knowing what to do - while I feel apartment prices will drop, I do feel better being diversified (owning property and multiple currency savings and shares)
That is called diversification and is the basis of capital protection, so as I understand your portfolio consists of real estate, currencies and equities. I would not touch equities in any market. It is highly likely December 2011 to March 2012 will be a blood bath. Study the charts and fundamentals.
you better believe it, what else could cause it....
Milky is 100% correct, the money sent home by overseas workers to Poland was helping drive the economy, it was serious money in the region of billions of PLN per annum. I am sure Milky can dig out the figure to support his claim here.