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Preparing for the worsening credit crunch

The day doesn’t end without at least 3 emails from family, friends and customers who are now starting to listen to me. For 3 years, I’ve been the contrarian “sky is falling” housing bubble (and stock bubble, and commodity bubble) advocate, with few if any listening. Now the news is admitting the market’s problems, and some old media organizations are backtracking to the start of it all.

I was the sole Greenspan-detractor in 2002 of anyone I knew. Now everyone is bashing the man that was king.

The most common email I get is “So what do we do???” I’ve been preparing a Flash-based applet that lets people enter all their facts (income, expenses, mortgage, credit, leases, etc, etc), and tries to come up with an answer. Of course there is no one-size fits all solution, but there are generalities for all income and expense levels that should give you a foot in the door to escape the credit crunch.

Read the rest of this at the gold investment site.