I don't think you are. The Market is panicking and we may have a 10% , or more correction...it's way overdue, but more jobs and higher wages, both of which are now happening, will eventually be good for the housing market, particularly at the low end. I bought for the first time Monday and I bought more today. If it goes lower...I'll buy more. It's not a sure thing...just a decent bet.
"When the US launched sanctions against Iran by cutting them off from the SWIFT system, the Iranians simply took payments in gold routed through other countries, the first of which was Turkey.
There are lots of sources documenting this process, a good one entitled "Iran sells oil in Gold & tells USA & EU to stick it!! Up yours!! We don't need you!!" is available on you tube. "
Any reasonably modern economy utilizes SWIFT, and its affiliated services, tens of thousands of times a day. That Iran and China would announce an in your face, poke the U.S. in the eye, barter agreement isn't evidence of the lack of utility of the sanctions which revolve around the SWIFT system. They are hurting the Iranian economy and would be even more of a problem for the Russian economy...despite their gold reserves. I put no faith in sanctions' ability to change the behavior of the Iranian regime regarding nukes or Putin regarding Ukraine...but the SWIFT sanctions hurt.