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The coming storm of 2009.

RonBurgundyRonBurgundy Posts: 5,491 ✭✭✭
in Trading Cards & Memorabilia Forum
According to a seasoned economist that I know, the next economic storm - i.e. recession - will be in 2009. Ignore the subprime stuff shaking out the real estate markets now.....that is just an appetizer for the next biggie, which will occur after the next presidential election. And it will be a severe one, much worse than 2000-01.

This will create good buying opportunities in the collectibles market, particularly people unloading their collections to generate cash.

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Ron
Ron Burgundy

Buying Vintage, all sports.
Buying Woody Hayes, Les Horvath, Vic Janowicz, and Jesse Owens autographed items

Comments

  • BlackieBlackie Posts: 1,719 ✭✭✭
    Ron, good stuff.....................thanks for the updates. What percentages are we looking at in deduction of rates compared to present market value and what do you think the recovery time would be......?
    1964 Topps Football
  • RonBurgundyRonBurgundy Posts: 5,491 ✭✭✭
    I think we're looking at a significant decrease in rates, with a long life span of this recession (18-24 months) before full recovery.
    Ron Burgundy

    Buying Vintage, all sports.
    Buying Woody Hayes, Les Horvath, Vic Janowicz, and Jesse Owens autographed items
  • RipublicaninMassRipublicaninMass Posts: 10,051 ✭✭✭
    I hope they aren't the same "seasoned vets" that said ths year was gonna have the most hurricaines. image
  • LeiascardsLeiascards Posts: 3,233
    Hurricane season has not even peaked yet so we may see many more develop.
  • rube26105rube26105 Posts: 10,225 ✭✭
    i live in the mountains, bring on the hurricanes!!!!
  • originalisbestoriginalisbest Posts: 5,971 ✭✭✭✭
    Yes, it's always just around the corner, isn't it! Dum-da-DUMMMM.
  • mtcardsmtcards Posts: 3,340 ✭✭✭
    I like the economists unseasoned. Too much salt in the diet can raise blood pressure waaaay to high. According to one seasoned heart doctor, anyway.
    IT IS ALWAYS CHEAPER TO NOT SELL ON EBAY
  • JackWESQJackWESQ Posts: 2,133 ✭✭✭
    No storms here in L.A. I only have to worry about a 9.0 earthquake sending California into the Pacific Ocean.

    /s/ JackWESQ
    image
  • TheCARDKidTheCARDKid Posts: 1,496 ✭
    The only people I follow in the financial markets are warren buffett, charlie munger (vice chairman of berkshire), jim rogers (former partner of George Soros in the 70's) and maybe a few others.

    Most "mainstream" economists seem to miss everything..the tech bubble, the accounting scandal, the real estate mess.

    Still, I think there is going to be alot more pain in the next 12, 24, 36 months. I dont think you clean out a housing bubble in 6 months.

    The impact on the card world?

    The super high end will probably remain unaffected (the world of $20k PSA 9 Goudey commons).

    The medium end might go down some. I'm saving cash for maybe a little dip in 70's, early 80's material.

    The low end can go alot lower. I just bought a box of 86 Fleer baseball cello, I dont expect that to double or triple any time soon!
  • ICE9ICE9 Posts: 552 ✭✭✭
    The title of this thread reminds me of the end of the Terminator (1984) where the boy says something in Spanish and Sarah Conner asks for a translation. The old man says "...theres a storm coming..." as the blacks clouds gather.

    Or, as Dylan once wrote (and Hendrix made famous) "...three riders were approaching and wind...began to howl..."
    "Must these Englishmen Live That I Might Die? Must They Live That I Might Die?" - The Blue Oyster Cult
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