The economy is navigating through a mine field with enough black swans circling to blot out the sun!
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Arraya, you’re preaching to the deaf. People just don’t seem to get it. How are home prices going to magically stabilize as unemployment feeds upon itself and spirals upward AND the dollar struggles to prop itself up?
Did anyone notice yesterday that the Fed quietly announced its plan to start buying Treasuries??
Perchance this has something to do with oil’s sudden rise to $51 today and gold’s $70 jump this morning?
Seriously folks, we are now printing money to pay our bills. This is a complete joke. And a word to the wise: a bottom to housing is nowhere in sight as long as the joke is on us.
