sdavid0419

Why There's More Upside for Equities and Commodities

Housing prices were artificially high due to cheap money and the get rich quick house flipping schemes. Heck they rose so fast developers had to put up gas pump like signs where they could raise the starting from price almost daily. State and local governments had to put caps on the rise in property tax rates to protect people that bought their houses at the fair price. The housing collapse finally got that market to correct to the true reasonable prices (in my opinion they still could come down a little more). Any good housing news is just a good sign that market is returning to normal and by that I don't mean the go up every day and flip normal but the pre insanity normal.

As to unemployment I always prefer the U2 as a truer indicator as it includes those that are still un(der) employed but have fallen off the rolls as their unemployed benefits have expired. Every state has crumbling infra structure that needs immediate attention from dams and bridges to water mains, highways, and office buildings. Yet the Obama stimulus plan a year later has only dispensed half its funds. It took 2 seconds to dispense a trillion dollars to bail out wall street an act I despised as unwanted and unnecessary. Whats taking so long to put people back to work? The unemployed people contribute nothing to reelection campaigns and wall street uses the trillion dollar taxpayer gift to buy as much government as they can!!!!!