Somehow, I found this press release amusing, in a tragic/comic sort of way.
Crisis after crisis, one so-called once-in-a-lifetime event after the next, and the good news is we’re still here to suffer the next round.
Boy, I can’t wait to see what happens in December 2012.
———-
Financial Advisor Gives Reassurance in Hard Times
Troy, MI March 29, 2011 – “Ugly events come to our attention, and then we look at the outcomes and in a flash of human nature, start to actually see the issues,” says Leon LaBrecque, managing partner and founder of LJPR, LLC, a firm managing over $350 million in assets. “When such events come as a surprise and have a major impact, how will it all shake out?”
“I see the current world landscape like a Greek play: there’s act one, the build up; act two, the crisis; and act three, the finale,” continues LaBrecque. “We have had many unpredicted and undirected events take place in the past decade – the September 11th attacks, 78% decline in the NASDAQ, the 2004 tsunami in Sumatra , Indonesia, the 2008 Myanmar cyclone, the failure of Lehman Brothers and the sale and liquidation of Bear Stearns, the 2010 Port-Au-Prince, Haiti earthquake, BP’s 2010 Gulf of Mexico oil spill, the 2010 market flash crash, the surge of unrest in the Middle East, and the very present earthquake and tsunami in Japan.”
“All that and we’re still here,” says LaBrecque. “In our case at hand, Japan will rebuild (probably better than before), nuclear plants will be safer and better, earthquakes will continue, some budgets will be balanced, and other budgets will be largely ignored. Markets will rise, and markets will fall. And we’ll be surprised by the next ‘once-in a lifetime’ event. And after the horses have run out of the barns, we’ll close the door.”
About LJPR:LJPR, LLC is an independent wealth management firm headquartered in Troy, MI. For over 20 years, LJPR has been reducing uncertainty for their clients’ finances by providing creative wealth management solutions in investments, taxes, financial planning and estate planning. For more information about the firm, including the firm’s blog, visit their site. Leon C. LaBrecque is an attorney, CPA, CFP®, and CFA (Chartered Financial analyst). Leon is CEO and chief strategist for the independent wealth management firm, LJPR. Leon has been analyzing and investing in (to the tune of about $100M) individual Bonds, particularly Michigan municipal bonds. To view Leon’s and Brad Reynolds’ entire White Paper, click here. To view their current executive summary of the Michigan Municipal Market, click here. For Leon’s white paper on Roth IRAs, click here. Leon LaBrecque’s direct e-mail is leon.labrecque@ljpr.com. The Firm’s telephone is 248-641-7400.
March 29, 2011
So true. And a good summary of the “black swan” events we”ve all survuved. You have to wonder however about the mental and emotional damage the survuvors must ebdure; what are the longer term consequences of this suffering? After the 9/11 event, did anyone take care to protect the brave emergency workers cleaning up the site? Many of them are now dying or very sick with brething disorders or cancers. Inexcusable!