The Depression of 2008

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Posted By: Larry G

Negative Attitudes only give way to more negativity but here are some facts:

Where there are economic problems, someone if not many are already thinking past that and making decisions for the future.

Our government, love them or not , will NOT allow retail major banks to fail but investment banking firms such as Bear, Goldman etc. serve no general retail purpose and are not FDIC insured on many financial issues so they have more exposure but bank stocks are VERY LOW and pay dividends. It is true that larger weaker banks may be bought out or merge.

Older, nice visually appealing Baseball Cards especially stars and classic sets like R319, T205, t206, T202 etc...grades 4-8, will always be bought in mid grades because demand by the masses of collectors is less risky, supply will always be less than demand as long as there are no natural disasters and has possibly of upgrade. Very high priced high end pre war and post war cards which have a more affluent but limited market can fluctuate especially HIGH GRADE commons. Still there will always be residual value(20-40%) off current market pricing and is facilitated by high volume dealers and bargain hunters.

A Boston Garter common or E107 common or T211 Red Suns etc....or other obscure "toughest" issues which are RARE but very high priced and limited in supply and limited on how many collectors actually collect those could fluctuate just as readily as a PSA 8 1953 Bowman Mantle or a 1954 Topps Banks Rookie but still will always find a home.

Lastly- There is little chance the Great Depression of 2008 can facilitate as long as level headed decision makers and the educated public realizes that hard work and ethical workers, especially service and craftsman are always in demand. The future may show that those that actually add something to society instead of the manipulators of numbers and investments will be able to weather any storm since they have skills. It will be tough for those that fell prey to the housing manipulations that were allowed to prey upon the innocent by a handful of unscrupulous institutions and mortgage bankers or those that simply want to roll over and complain.