I'm a bit torn. I'm very busy and yet I feel the mounting pressure to post my predictions for 2013 and also do a review of 2012. If you have a moment read my post, CONFIDENCE LOST - 13 for 2012 where I make a few predictions about how the year would turn out. I will probably come back and do a formal review, but the truth is, it doesn't matter, the year is over.
The score is that I felt like it would be a negative year in markets and that was wrong, but overall I hit about 8 or 9 of the 13, and especially made some good calls that made money.
It is fun to document what I'm thinking, so I will do a brief bullet point list for 2013 this weekend so we can look back and laugh about how good or how silly I've was in the beginning part of the year.
As we bask in the glory of the financial cliff deal and are joyous about how we'll continue to keep deficit spending rolling for a few more months, I thought I'd give you some weekend viewing pleasure that highlights the wonderful experience of some friends across the pond. The Spanish were truly folks that were completely swallowed up in the housing bubble and they have suffered greatly from its bursting.
The video is a wonderful one as it really highlights how middle class families and unrelated industries get crushed when markets, investors, governments, and regular people suspend their sensibilities and assume that price increases can go on forever and that they are smart enough to exit before the collapse.
THE GREAT SPANISH CRASH
ENJOY AND HAVE A GREAT WEEKEND.