if the .gov has their way, the 'dumb money' (ie. people who we are calling dumb for buying a house in 2009 ) will be rewarded, while those with cash reserves and prudent planning will be penalized... the .gov's policy of bailouts (to relieve the short term pain to some extent) will eventually (relentlessly) lead to inflation... I'm afraid they won't stop until we hit a couple years of double digit inflation.... all that debt magically disappears and TA DA! their taxpayers all all wealthy again! I love this game! (now go and be a good taxpayer and buy a house!)
Sentiment Overview for Week Ending March 20 [View article]
bulls and bears are both broken clocks... wait long enough and they will be right. I like that the bulls are adjusting their clocks... could be a sign that reality (and thus valuations) are setting in? If so, we may have reason to be optimistic.
Housing Is Moving Towards Disaster [View article]
Sentiment Overview for Week Ending March 20 [View article]
The Truth Behind New Home Sales [View article]
seriously though, thanks for pointing that out. I wish common sense like yours had a voice as loud as the doom and gloomers.