Firstly. I will be dispensing free oxygen to all the easily threatened here on the Board. Especially those who popst more than I do. Talk about laughable. Anyway ....
This big housing recovery myth is one of the devil is in the details. The bulls will have you believe it's all because of inventory dilution. A partial truth,but not the whole truth. The recovery is mostly institutions grabbing up parcels of foreslosurers Individuals can't get mortgages. Not a healthy long term development. In fact it "back to the future". A recovery built on speculation. Sound familar.. "Deja vu all over again" as Yogi would say.
Europe? Do the math. Markets soaring over there today because Italy relected the same tired old policy player. Europe has unemployment at 12% and 25% in some countries amongst it's young. . Tick-tock,tick-tick on that one. Europe constitutes over 25% of China
s export base. China is now on a a steady downward spiral. 50% of their GDP is dependent on real estate construction. You know.Empty high rises to no where. The rest is exports which are cratering. Also look at the sharp decline in their own consumer. Major dropoffs in top level purchases. Home prices fell the most in three years in Hong Kong.
India?? It looks like they might have a major problem with THEIR banks. Second largest populace in the world. Think about that.
The latest hype from the bulls here. That Bernanke is going to innovate even further as the economy weakens. Bigger printing presses perhaps. Keep buying into the "Fed has your back.They will never - ever - let the Market go down". Events will overwhelm the global Central Bankers. Even Ben "Nero"
"just getting started" O,I can't wait if all turns out to be everyone is being told. So,you sold a house that someone else worked to build. A self made man are you? Or one that someone else made? Just askin?? :)