My concern about the economy in general is pretty much a don’t care with regards to real estate. My golden goose is my engineering job and salary, not my real estate brokerage. My entire design staff and I received our walking papers a few weeks ago as the company we do designs for is contracting.
Most people that are crowing for a recession are like the people who love to pick up sea shells when the tide rolls out really far. Beware of what you are asking for.
In my own case myself and my entire staff just got absorbed by some other company for some pretty cool work.
With regards to the Fed policies and bailouts and all the other stupid ideas that politicians and bleeding hearts are crowing for, that in all cases will most likely help my business. All of that muck is just a smokescreen to keep consumerism unbridled.
I have posted over and over and over and over that we always get bounces in the spring. Of course that is all this bounce is as well. It is nothing but a spring bounce and secular trends are for the most part composed of lots of cyclical trends. To me a secular depreciating trend simply means lower highs and lower lows for all of the cyclical trends within the secular life of that secular trend. Personally my opinion is that we still have a long ways to go down.
