30 Latest Key charts that show the dire straits Housing is in!
2011 Jul 8, 2:21am 2,076 views 9 comments
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2011 Jul 8, 3:34am
Hey this guy is stealing my bit:
8mortgagedebtmonster.jpg
http://research.stlouisfed.org/fred2/graph/?g=11x
I think the US economy and everyone not holding a good deflation/inflation hedge is generally screwed, yes.
We need to devalue and inflate, but this makes energy more expensive, which is a cost-push throughout the economy since we use oil for everything.
The best solution would be to just pull a Hitler and actually invade KSA, Bahrain, Iran, and Libya and take our oil back. The pump price might be $4 still but $3 of that would go to the government, which would be a $250B/yr redirection from OPEC to us.
The spice must flow.
It's now official - ANYONE who genuinely believed in this nonsensical "recovery" mantra deserves a vote of "no-brain-head" and does not merit any intellectual respect at
then warren buffett must be brain dead. i wish i was as brain dead as he is.
Buffett Says ‘Bet Very Heavily’ Against Double-Dip Recession
The best solution would be to just pull a Hitler and actually invade KSA, Bahrain, Iran, and Libya and take our oil back. The pump price might be $4 still but $3 of that would go to the government, which would be a $250B/yr redirection from OPEC to us.
I'm sure no one would object to the US invading the entire middle east. We didn't have any trouble with Iraq, so invading Iran with three times the population and four times the land area should be a cakewalk. You will be volunteering to serve won't you? Or are you of the bush/cheney/rumsfeld chickenhawk persuasion?
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2011 Jul 8, 5:00am
Sorry, got a bum knee. But if the MIC wants to keep drawing on that $1T/yr teat, they're going to start having to earn their pay.
Cautious1
2011 Jul 8, 11:08pm
Sorry for your bad knee, Troy! Are you familiar with Hank the Cowdog? Hank's partner, Drover, has a hind leg that goes out just when the battle beckons. His discretion always proves better than valor. I recommend the taped version for long car trips.
But no worries-- we've got a standing army of desperately underemployed and unemployable of all ages, many with advanced degrees, who can go over there and do a little "nation-building." Shoot, they're just standing around wasting time here at home (reference yesterday's job report).
To chi_renter, I apologize for posting with emotion and not reason. I'm a mother, and I do not reasonably think the future looks all that bright for the next generation, and I hope the draft is not reinstated as a jobs program. On the bright side, maybe I'll never have to experience empty nest syndrome.
Sorry, got a bum knee. But if the MIC wants to keep drawing on that $1T/yr teat, they're going to start having to earn their pay.
“Nessuna soluzione . . . nessun problema!„
Ok, no problem. Other peoples children will be glad to die for you. It's always amazing how quickly and easily the people who have nothing to lose are willing to volunteer other peoples lives and health. Bonus points, these same people are very willing to borrow the money to do go to war so the next generation gets to pay for it. They cant' be expected to sacrifice anything at all for their heartfelt beliefs can they?
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2011 Jul 9, 3:08am
Well, I guess we agree it's the unemployment line for the lot of them. Their rifle skills should come in handy in the new economy that's coming.
Here are 30 latest charts that show the terrible condition that the real estate market (and general economy) is in and why it is a terrible time to buy at this time. Is there any one that can argue with the facts of these charts? If so, try to make your arguments with reason and not emotion.
The author is Michael David White, a Chicago mortgage broker who is one of the most honest guys around that writes about real estate. He is honest and realistic about the facts on the ground even though his views go against his income stream. I correspond with him via email regularly regarding buying (primarily because of his honesty) and he consistently tells me not to buy but to wait.
His conclusion: Sell now and run for the exits. Don't hold. Don't buy. Rent. If you buy now, you will lose your shirt and more.
Link
#housing