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  • Prognosis: Economic Stagnation--Stimulus Is Not The Answer [View article]
    Great article, Martin! Since the great depression (or even earlier?) we've been riding this one trick pony. So whenever we have a "problem," the solution is always to throw money at it (or more money). I agree while a smaller and MUCH leaner government is no magic bullet, the debt/decifit being much smaller or even erased sure wouldn't hurt, either! Many businesses are just sitting on major cash right now. With the ever increasing burden of regulation, and particularly uncertainly created by government usurping 1/6th of the economy, it's hardly surprising businesses are not spending or hiring.
    May 27, 2012. 11:40 PM | Likes Like |Link to Comment
  • Housing Market Recovery Has Officially Begun [View article]
    While certainly a nice piece of feel-good fluff so those w/a monkey on their back (WAY upside down house), the economy and demographics have changed. The B/B's are dumping their big houses and seriously downsizing their entire lifestyle--if they can even afford to retire at all. The banks have millions of properties that they can't even dump "as-is," the market is so poor. The banks will have to keep 'em "on-books" as rentals 'til they can dump 'em and maybe break even. The economy of today being a lot more cyclical and less stable, today's young professionals don't want to get strapped by owning a house. They want to rent because that keeps them free to chase work. With the amount of outstanding loan debt, even those that want to buy a house will be delayed in doing so, and their generation is much smaller than the B/B's. Point being that supply far outstrips demand for years to come. In most markets, you're looking at another 20-30% before bottom. That being said, It's still a buyer's market and will be for many years to come. Swing it if you can and rent it out!
    May 27, 2012. 11:40 PM | 1 Like Like |Link to Comment
  • The Real Reason Ben Bernanke Resists The Gold Standard [View article]
    Mark, I want to thank you for saying what we have believed and suspected all along: a Gold standard would interfere with the ability to print money at will. Take a look at how much buying power the Dollar has LOST since the creation of the fed? Perhaps that says it all?!
    May 27, 2012. 11:40 PM | Likes Like |Link to Comment
  • Real Estate, Pharma And Dividend ETFs Defy Bearish Predictions [View article]
    Yes, NY, banks are "sitting" on millions of properties right now. In this market and with interest rates where they are, rehabbing them to sell is a big LOSER. Only thing you can do is play landlord and rent 'em out. If and when housing comes back enough to make a profit, dump 'em!
    May 27, 2012. 01:10 AM | Likes Like |Link to Comment
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