Swine flu is already being set up as a mask for the real underlying problems facing America and her GDP. People are BROKE!~ It is funny (not ha ha) to see the lame ass excuses and stories that are detract us from the cold hard facts. Nice snow job, I aint buying it!
ETF Trends: U.S. Dollar Attracts Flight to Safety Capital [View article]
Overbought again and climbing. 150 points up on the dow so far today. Looks like momentum, at least in the short term is positive. It is all a house of cards that will eventually come down once reality sets in. As we all have heard over and over again, 70% of the GDP is the US is based on consumer spending. The consumer is spent out. There is no more home equity to tap, consumer debt is bloating, credit card defaults will rise dramatically, next wave of forclosures hit in 2011, 2012.
2012 may be really, really bad. Double dip recession on the way folks.
New Home Sales Increase Three Months in a Row [View article]
Let's see the numbers after summer peak real estate season. All BS to drive the stock market higher with false hopes of a housing bottom and recovery. All these job losses and a major increase in sales? Who is buying all these homes??
Housing Boom and Bust More About Productivity than Bubbles [View article]
There will be little productivity and Jobs growth. Most of these jobs that have been lost (6mil) will NOT be replaced with similar jobs. Not to mention, US companies is continuing to outsource cheaper labor in emerging markets countries.
America has lost it's competitive edge in almost every sector and will continue to slide as a world power, unless our Green initiatives (wind, solar, natural gas, clean coal), technology advancements and biosciences take off. America needs to return to innovation. give me a thumbs down, but you know it is truth.
Housing Index's Possible Silver Lining [View article]
Just wait! There are so many deliquent loans that the banks can't foreclose on them fast enough. I spoke to someone who has not made a mortgage payment in a year and is still in his condo.
The lender calls andmakes several ongoing attempts to offer a BS loan modification to tack on the unpaid payments $10,800) to the balance. The borrower says: hose that, the condo is worth less than half of what I owe on it, why would I agree to paying you anything more? Reduce the loan to what the condo is actually worth and we'll talk. He is still living rent/mortgage free.
Housing Index: Turning Point or Unmerited Optimism? [View article]
My vote is for unmerited optimism! Talk about sugar coating and spinning a story. With over a 13 month of supply of homes on the market (50% of which are foreclosure bought) and another 800,000 homes already foreclosed and not on the market, this is only going to get MUCH worse before it gets better.
A Stealth Rally in Commercial Real Estate [View article]
I agree with viewfromnyc on the equity raises. The yield has gone from 12.46% to around 8.46% from dilution.
CRE should not be increasing based in its fundamentals.Market manipulation as usual. The GOVT has shot its load but with Obama, I am sure he will just have the FED print more funny money to try and solve the problems. That is Obama's answer for everything.
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ETF Trends: U.S. Dollar Attracts Flight to Safety Capital [View article]
2012 may be really, really bad. Double dip recession on the way folks.
New Home Sales Increase Three Months in a Row [View article]
Housing Boom and Bust More About Productivity than Bubbles [View article]
America has lost it's competitive edge in almost every sector and will continue to slide as a world power, unless our Green initiatives (wind, solar, natural gas, clean coal), technology advancements and biosciences take off. America needs to return to innovation. give me a thumbs down, but you know it is truth.
Housing Index's Possible Silver Lining [View article]
The lender calls andmakes several ongoing attempts to offer a BS loan modification to tack on the unpaid payments $10,800) to the balance. The borrower says: hose that, the condo is worth less than half of what I owe on it, why would I agree to paying you anything more? Reduce the loan to what the condo is actually worth and we'll talk. He is still living rent/mortgage free.
Can You Find the Bottom in Real Estate ETFs? [View article]
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Housing Index: Turning Point or Unmerited Optimism? [View article]
A Stealth Rally in Commercial Real Estate [View article]
CRE should not be increasing based in its fundamentals.Market manipulation as usual. The GOVT has shot its load but with Obama, I am sure he will just have the FED print more funny money to try and solve the problems. That is Obama's answer for everything.
Suburban Housing Markets Are Unsustainable (Part 2) [View article]