Again we will see that the rich will be the folks to benefit from this over site from the government. Hedges funds are buying up the foreclosures. In fact the head of the US housing strategy at Morgan Stanley is leaving the firm to start his own hedge fund to buy foreclosed homes. He is considered an expert in the field and has all the contacts necessary. They will then rent them out to the folks that can not afford them. This rent will be great compensation then when housing prices go back up there will be considerable capital gains to be had. Now isn't that wonderful. Those that created the mess and were compensated so nicely will now use their contacts to benefit again at the expense of the sheep as so aptly put.
I heard Cramer babbling about the housing market last night on his show? Is that bald freak for real?
He conveniently left out;" the rise in supply, to 6.6 months from 6.3 and 6.2 in the prior two months."
Because of the gov loan requirements and bank reluctance to make loans when they can run billion dollar derivatives programs many good home buying candidates cannot obtain home loans. It is my contention that in general, government is inefficient and inept, but you can add to the current group: totally incompetent.
Not wanting to be too negative but this is the thing that really gets me. They send the kids and money over to fight along with millions and millions of dollars for schools, hospitals, etc. yet when the kids come back we can not afford to get them proper medical help.
Too negative? I would call that statement brutally honest and a disgusting representation of the corruption in government. We have all seen the ads on the tube begging for donations for our soldiers. Should these men depend on the generosity of private donations? What is the function of government? If your answer is to fleece the sheep, you get an 'A'.
The current administration also has picked industries they favor. Gov. fleeces the sheep to feed the favored flock of goats, currently those are; Solar, wind, bio fuel, ,, anything but Coal. Coal is too dirty for us 'Great Unwashed' peasants.
The elitists in the U.S. assuage their overwhelming guilt derived from their opulent lifestyles not by lifting the Third World Nations up, but by pounding the peasants in the U.S. into Third World People.
Is that a negative statement? Is that a true statement? If true, Can Truth be negative?
The light at the end of the tunnel is nothing but another train coming. I heard Cramer babbling about the housing market last night on his show? Is that bald freak for real? I don't know where he lives but here in New Mexico and within a 3 block radius of my home are 6 other homes that are either in foreclosure or for sale with no buyers in sight. The only homes selling right now are short sales, every one wants some thing for nothing right now and if they can't get it they won't buy it!!
I don't like being negative either but where is the good news? Growth in the US the last couple years has gone from .3% to .2% to an estimated .1% for the current year and yet we are told things are getting better?
It would be great to see the light at the end of the tunnel and feel good about the future, but so far it still looks bleak from here...
Not wanting to be too negative but this is the thing that really gets me. They send the kids and money over to fight along with millions and millions of dollars for schools, hospitals, etc. yet when the kids come back we can not afford to get them proper medical help. It would be very different if it was the politician's kids that were getting their limbs blown off. This irritates me more than that deceit of wall street.
What money in the United States? 40 cents of every dollar is borrowed and winding up right back in the Mideast, Asia, Brazil, and who knows where else. Then they turn around and buy more of our treasuries, land, buildings, companies, and whatever else looks good at bargain prices.
The world's biggest yard sale and it's happening right here in the good old USA...
<<who has all the money in united states to manipulate wall street>>
Yeah, trading is totally stacked against the avg investor. But fundamentals and value will have their way in the end, so act accordingly.