flashrob

No Quick Recovery for Stock Markets

...the problem is:

unlike past "Real Estate cycles"...up/down/up/d... down...

there is a systemic economic problem

where... chunks of "high paying tech jobs" are going to place like India (where they do the same work...programming, etc...for about 1/10 the cost)

and this was supposed to be the "planned" cyclically counted on BASE for REVITALIZING the U.S. ECONOMY...housing, comsumer spending, etc....

the argument: we'll let the "low paying mfr jobs" go to places like China...

and under the new go-go WTO/Nafta...GLOBAL TRADE CONCEPT...that happened...

BUT UNFORTUNATELY...you don't "have to live here...TO DO COMPUTER HI-TECH!

you can DO EVERYTHING FROM A COMPUTER TERMINAL OVER THE "INTER-NETWORK" from a "3rd World Country!

Couple that WITH ALL THOSE HIGH-PAYING JOB LOSSES in the brokerage sector...

and you have a NEW GLOBAL RECIPE for NO REAL ESTATE RECOVERY IN THE U.S...

unless housing tanks way over 50% so THE FLOOD OF ILLEGAL IMMIGRANTS can AFFORD ONE! (my view by-the-way...is that "illegal immigrants" are VERY HARD WORKING...AND ARE A NET GAIN ECONOMICALLY for our country...I'm "glad they're here," though I would like them to be legal!)

just so you know: Despite the negative USE of Social Svcs by illegals...the ADD FAR MORE TO GAINS by their "hard work."

there is a CONSIDERABLE NET GAIN ECONOMICALLY FOR OUR COUNTRY by the presence of the "illegals!" There illegality is just a dicey problem for the pols...I'll post the numbers sometime...but our net gain is BILLIONS more due to have the illegals, then the cost of schooling, health-care, etc.

so, until Real Estate REALLY TANKS (which it will) ...and this is also BAD FOR MOST FINANCIALS also...

it's a continued SLOW ECONOMIC CYCLE DOWN!

not a "collapse" ...just stead down...

flashrob