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thecadean
9 Comments
Bad News for Housing
See Case Shiller, or Eliziabeth Warren of Harvard, the end of the US middle class. In 2005 US home prices, and mostly in the top 7 markets, were grossly overvalued (77% overpriced). Me must let the free forces of capitalizim work. Artificial supports are no better than fake loans.
Low real estate prices are good for the country. We simply spend too much $$$ on non productive items like rent and interest. This is the only way US businesses will be able to compete and our children will be able to buy a home of their own without a wealthy parent. I own several homes and share the pain, a pain we all must endure.
Dow in Secular Bear Market When Priced in Ounces of Gold
Homebuilder Executive Pay Suffers Housing Slump Backlash - Housing Tracker
How We Got Into This Pension Mess
Forced Labor: Spending More Than We Earn
PS. the new Nissan Super car will be on sale in USA soon. It's just like it's Europeon cousin except.. it comes with WIDER seating... No kidding.
Bankruptcies are Booming
I think the US is cooked, Done, Stick a fork in it.
Is It 1990 All Over Again?
Percentage of Stocks Above Their 50-DMAs by Sector
GG
Friday's Selloff: Expecting More, But Then Recovery
Inflation is on the rise, unemployment is rising, earning are falling and realestate is diving. Isn't this the 1970's all over again?? Remember wage freezes?? Inflation that year sored to an unheard of 4%. If the US government went back to using the same realist ## as back then we would be in the same boat. this is not good