tomcat1945

First Call of the Crisis: Peter Schiff Could Be Video of the Year

Maybe CNBC as well...especially Sir Larry. Where did Goldilocks go? How could so many "experts" be SO WRONG??? Most of these pundits were dead wrong and any future "advice" from them should be avoided. And these guys still have jobs...


On Nov 14 12:58 PM Schweizer wrote:

> I wish FOX would replay this on Saturday and ask each pundent to
> publically apologize to Mr. Shiff and to the American people.

Retail Heading Towards Biggest Wreck in 17 Years

Gee...could it be that Goldilocks is losing to the nasty old bear? Some have known this was coming for quite some time...but many have refused to believe it. Are you listening Sir Larry?

Housing Slump Continues: Are Economists Ready For Reality?

I've been a real estate investor since the late 1970's and have witnessed several up/down market cycles. Eventually everything reverts to the historical mean. When prices increase too much...they correct downward and when prices decrease too much it leads to the next up cycle. Not rocket science...just common sense. Those who buy in at the top get hurt and either lose money, or must hang on until the next up cycle to bail out.

The problem with the latest boom is that in many ways it was artificially created...with massive liquidity because of extremely low rates. The current correction may be worse than those in the past. Once liquidity is reduced demand stalls and prices drop. It will likely take longer to revert to the mean this time because prices increased so much in a short period of time. It shouldn't require an economist to figure this out. Just ask anyone who bought at the peak(s). They'll tell you more truths than most economists. It boils down to street smarts rather than book smarts!