Buying when there is blood in the streets:
But oh so hard to do when all the pundits and economic ‘experts’ were certain – it was ‘obvious’ – that Greece would collapse. Holders of Greek bonds this year have returned in excess of 100%. It is helpful to understand the real estate cycle and for whose benefit it is maintained. I took great effort over 2010 and 2011 to explain to subscribers of my service http://www.businesscycles.biz/services.htm that Greece would NEVER be permitted to default, and I explained why. It is always the same maxim at real estate low points: “the banks were saved but the people ruined“.