i dont care what they try to sell you. you cant have a recovery without jobs and real estate participating. were in a vicious circle with no easy out. i was talking to someone this weekend in the investment industry on his take. his position is that people dont have the discretionary income as they had before. you look at what they have to pay for tv, cell phone, etc. compared to several years ago. so even though they dont pay their mortgages they still dont have the money to spend on the bells and whistles to make this economy grow.
in olden days when there were open houses you would see cars lined up to look at the homes. yesterday i was out and about and we had a record number of open houses and there were no cars parked outside. you could put the interest rate at 0 but the consumer still would not qualify. our economy as we knew it is dying and life support is failing to revive it.
True but doesn't it means US dollar rally.Usually when that happens the market goes the other way.
By the way i personally think that stock market should rally it falls to 900 or so their will be more money printing