Insider exercising options and dumping stock @ about 15.Look it up on Yahoo.Right here baby.It's a mouse click away.
Looks like Counrtywide just before the last leg down,under 5.00.You do understand Countrywide is never comming back? Below 5 .00 makes it unmarginable. Just the CFC write off alone will be a 10 Billion dollar hit to WellsFargo,low end.JPM made out like bandits compared to WFC.Got to be some hard Fed feeling there.
Housing may recover around 2036 to 2038,or in about 30 years,1929 to 1959 is about like this period only this worse.Still al kinds of developments just went back to the weeds.Streets in- utilites in -justlike now waist high weeds,in few years new home home developments will be forgotten.
The Fed has no intention of fixing housing,it can not,housing was 30% of GDP minimum,50 to 60% in some areas,like Vegas,where gaming is a zero some gain.What are they going to replace it with?Shipping your food out of your country without a lick of Free Trade tax on it?While you pay every know tax in the world,and now they are going to add a carbon tax,on you?
The Tax GDP .Oh yeah ,I forgot.Where more than 33% of the population works for the Government.Like a Soviet,Isrealie still economys.
You can not count on Daddy Warbucks to print their way out of this one.All those warbucks caused the depression,this one will be way,way worse.Inflation is has only averaged 38% in Isreal for the last 50 years.You will get used to it.Having a worthless currency.