Nathan Rothschild, baron of the Austrian Empire and head of the Rothschild banking house in London around 200 years ago, and one of the best genius traders in history, built his illustrious trading career on one major principle.

“The best time to buy is when there’s blood in the streets.”

Our streets aren’t bloody yet, but some bank accounts are getting beaten up.  Add inflation and the fact that most people will have to do something painful about daily transportation, and you have the formula for difficult times.

What about the news this morning about all that trouble with the IndyMac Bank failure?

As always, disgruntled customers are mad because they can’t get their money out.  Some of them were even  threatened with arrest yesterday.

That’s friendly banking, 21^st century style, right?

And what about the cartoon I saw in a newspaper this morning with the SUV driver parking her giant SUV in the dinosaur exhibit of a museum?

The security guard asks her to move it.

“No, I didn’t park  it there.  It’s part of the exhibit,” she tells him.

If only we could bring Nathan Rothschild back to ask him what he thinks of all of this.

Would he buy now, or would he wait a little longer?

All of this reminds me also of the house behind me that has been for sale for months. Last time I checked my neighbors had discounted it by $125,000.  Do you think they want to sell ?

Which brings me to the conclusion that these are exciting times for real estate investors.

The investors who stay cool, that is,  and remember Nathan Rothschild’s moto- Don’t buy until there’s blood in the streets.”

Read Cops to IndyMac customers: Remain calm or face arrest

More from the Net

Inflation over past year fastest in more than quarter-century -
What Inflation?

Popularity: 7% [?]

• Quick Links for this Past Week I'm knee-deep in wedding details this weekend, but I wanted to give you an idea of what I'm reading this week. Sun's Financial Diary tells us how to pick stocks like a guru. This looks like a great tool, and though I'm not ready to invest in individual stocks, I'll......
• Foreign Exhcange Forex trading, where do customers go? Forex trading uses currency and stock markets from a variety of countries to create a trading market where millions and millions are traded and exchanged daily. This market is similar to the stock market, as people buy and sell, but the market and the......
• Friday Links The Money Smart Mom book giveaway ends on Sunday night, just head over to that post and leave a comment to be entered to win! Money Smarts provides some low cost ways to buy dividend stocks. Money Help For Christians shares some essential resources to beat credit card debt. Michael......
• Suzuki FL-SC Flute User Reviews Send this to a friend Manufacturer: Suzuki Musical Instrument Corporation Customer Rating: List Price: $379.99 Sale Price: Too low to display Availibility: Usually ships in 24 hours Free Shipping Available Buy Now Product Description Quality and Affordability. Perfect flute for beginning/intermediate students. The Suzuki FL-SC Flute features......
• Buy Collectibles from the Civil War If you are interested in learning what it takes to buy collectibles, one of the types of collectibles that you may consider purchasing is Civil War collectibles. There are plenty of places that you can turn to that will allow you to buy collectibles relating to the Civil war, and......