For what it’s worth, and because I’m tired of getting into political debates where people create their own facts: You can write this down and see how correct I end up being in the next 5-10 years…frankly, I hope I turn out to be wrong this time. The Euro is going to continue to fall, … Read more For What It’s Worth:
Well, at least Paul Volcker has finally caught up and is pointing out things I stated nearly 2 years ago. Again, this wasn’t hard to see coming…you just had to look at the facts.
Exactly what potential home buyers do they think are still out there. Most of those who would have been buyers at this period of time (in a normal market) were enticed to buy 2 years ago. A large portion of those buyers were pulled from future buying demand at that time, so we are currently … Read more Home Buyers?
If Einstein were asked to solve the wrong problem, even he would come to the wrong conclusion. It is my opinion that this is what is happening to the powers that be in the U.S. Federal Reserve and Treasury. Yes, there was a housing bubble, which preceded the current economic problems, but it is NOT … Read more The problem with the current economic solutions
Until they realize this actually stemmed from the stock bubble, and not the housing bubble ….they aren’t going to get around the problem. They will just keep rewarding those that made irrational decisions and punish those that made rational ones to stabilize overpriced markets…and the cycle continues. Over the last 8 years, this was easy … Read more Housing not the problem
If you look at a long term chart going back to early 1900’s, the overall general uptrend in the DOW should have put us at 10,500 right about now. This would be an historically normal range along the long term trend line, but the markets never fully corrected after the Nasdaq bubble burst. Investors rolled … Read more Way Overpriced