Thanks for that article cuss.
It tickles me knowing these fucks have the potential to be
up soon.
People that overspeculated with real estate the past few years soon will be eating cat food.
People need to stop believing this real estate bubble bursting isnt going to be a major problem and take entire economy into gutter for many years.
Tiznow, VT, jdog, Im going to hire a crew of contractors as I have a feeling some of my family and friends are going to fill all the bunker space I currently have...you guys planning similar expansions?
It tickles me knowing these fucks have the potential to be
up soon.People that overspeculated with real estate the past few years soon will be eating cat food.
People need to stop believing this real estate bubble bursting isnt going to be a major problem and take entire economy into gutter for many years.
Tiznow, VT, jdog, Im going to hire a crew of contractors as I have a feeling some of my family and friends are going to fill all the bunker space I currently have...you guys planning similar expansions?
Im not happy knowing regular families are going to be collateral damage and thrown out of their homes as a result of the overspeculation in real estate.
I wish the system would instead only punish the condo flippers and other idiots buying million dollar junk they had no intention living at.
Also to blame is Alan Greenspan who urged people to use adjustables when he knew interest rates were artificially low and were soon to rise and bankrupt the marginal buyers.
Thats capitalism I guess...ups and downs...winners and losers.
Caveat emptor.
www.ronpaul2008.com
:banger:
I wish the system would instead only punish the condo flippers and other idiots buying million dollar junk they had no intention living at.
Also to blame is Alan Greenspan who urged people to use adjustables when he knew interest rates were artificially low and were soon to rise and bankrupt the marginal buyers.
Thats capitalism I guess...ups and downs...winners and losers.
Caveat emptor.
www.ronpaul2008.com
:banger:
some rumors were swirling about AIG and than they said everything is good they were false and came in with a short squeeze. They are even creating them now. Only buyers left in this market.
:nohead:
25 bp cut coming next wednesday who knows maybe more
arty:American International Group Inc (NYSE:AIG - News) was the top drag on the Dow after market rumors the insurer may be facing a large write-down. But AIG's stock retraced most of its losses, after CNBC reported, citing sources, that the rumors were "simply not true."
:lol:
:lol:
Tiz....I respect your views, but I am not gonna stand in front of a runaway ticker...If the fed cuts rates again as expected look out as we will see dow, s/p...all indeexs jump up sharply...I for one would love to see Ben bite the bullet and NOT lower rates...but he won't and one day we will pay, BUT for right now...make some money and then get out...when I wish I knew??
Woof what's your opinion if rates get lowered .25bp,,,,,,hell maybe .50bp and the inmates run wild....it appears to me that everyone is just waiting to drive this market up...its like everyone is just ignoring the writing on the walls and looking through there rose colored glasses...but like I said don't stand in front of the rising ticker
Woof what's your opinion if rates get lowered .25bp,,,,,,hell maybe .50bp and the inmates run wild....it appears to me that everyone is just waiting to drive this market up...its like everyone is just ignoring the writing on the walls and looking through there rose colored glasses...but like I said don't stand in front of the rising ticker
Joe -
you're on it...I think a 85% chance FED cuts rates next week
Think it will also me one hell of a Santa Claus Rally...I'm predicting a 10% rise in the DOW by year end....gold at $803, oil a high of $102..............from this day forward...likely be some pullbacks of course
Keep in mind I don't play with monopoly money
Those that are short.....got nothing but respect for you............gla
you're on it...I think a 85% chance FED cuts rates next week
Think it will also me one hell of a Santa Claus Rally...I'm predicting a 10% rise in the DOW by year end....gold at $803, oil a high of $102..............from this day forward...likely be some pullbacks of course
Keep in mind I don't play with monopoly money
Those that are short.....got nothing but respect for you............gla
The Ron Paul gold bugs have gotta remember that gold will only STORE wealth, like land and property, it won't make wealth unless theres a temporary speculative bubble like in the 1980s.
So gold may go up to $5000 an ounce, but so will the price of a good suit, a burger meal will become $150 etc etc.
Then the new Amero will be issued by the US government and gold will be priced at $50 ameros and the average working stiffs weekly wage will be $80 Ameros kinda thing.
Property has made wealth because its been on a long term speculative bubble.
Even over here in the UK things will now flatten out because its become a lot cheaper to rent.
Renting 'now cheaper than buying'
http://news.bbc.co.uk/1/hi/business/7029832.stm
So gold may go up to $5000 an ounce, but so will the price of a good suit, a burger meal will become $150 etc etc.
Then the new Amero will be issued by the US government and gold will be priced at $50 ameros and the average working stiffs weekly wage will be $80 Ameros kinda thing.
Property has made wealth because its been on a long term speculative bubble.
Even over here in the UK things will now flatten out because its become a lot cheaper to rent.
Renting 'now cheaper than buying'
http://news.bbc.co.uk/1/hi/business/7029832.stm
Something else worth bearing in mind, the dollar may be getting trashed because the powers that be have decided to issue a new currency in the future called the Amero, (like the euro) which will be the currency of the North American trading bloc.
So this period gives them a chance to fuck the dollar and reduce the national debt for the handover.
So this period gives them a chance to fuck the dollar and reduce the national debt for the handover.
