Rob Nelson writes me

by on February 20, 2009 at 12:17 pm in Economics | Permalink

I saw a sign today that might fill your markets in everything and countercyclical assets categories.

"Foreclosure Bus Tours
800-XXX-XXXX"

The availability of the tours is the market is anything.
Equity in the tour company will be the asset. 

Sanjay February 20, 2009 at 1:38 pm

But it’s not a countercyclical asset. Right now I can see loads of forclosed homes all on my ownsome, why pay a tour company? During a housing bubble when everyone’s buying and I can’t find a foreclosed home anywhere, it would be I suppose a little taste of the exotic.

Investors times February 21, 2009 at 5:54 am

This is just people who have spotted an ideal opportunity to earn money in this recession. It would be good for us if we could spot an opportunity as good as that. Any way i am in a fixed and virtually secure employment. I would not be able to start a business even if i spot an opportunity.

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