Home › Forums › Housing › Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now.
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December 16, 2008 at 5:14 PM #316869December 16, 2008 at 5:17 PM #316386peterbParticipant
We’re turning Japanese. Just because the US$ is taking a powder does not mean there will be some kind of recovery. And the US$ will come back when the markets crater again and there’s massive selling. Look at the volume, it’s a classic bear market rally. The multiplier effect needs to be working for inflation. Who’s going to borrow money right now? I sure dont see it. Make no mistake about it, this is a total desperation move by someone that has no other option available.
December 16, 2008 at 5:17 PM #316737peterbParticipantWe’re turning Japanese. Just because the US$ is taking a powder does not mean there will be some kind of recovery. And the US$ will come back when the markets crater again and there’s massive selling. Look at the volume, it’s a classic bear market rally. The multiplier effect needs to be working for inflation. Who’s going to borrow money right now? I sure dont see it. Make no mistake about it, this is a total desperation move by someone that has no other option available.
December 16, 2008 at 5:17 PM #316779peterbParticipantWe’re turning Japanese. Just because the US$ is taking a powder does not mean there will be some kind of recovery. And the US$ will come back when the markets crater again and there’s massive selling. Look at the volume, it’s a classic bear market rally. The multiplier effect needs to be working for inflation. Who’s going to borrow money right now? I sure dont see it. Make no mistake about it, this is a total desperation move by someone that has no other option available.
December 16, 2008 at 5:17 PM #316799peterbParticipantWe’re turning Japanese. Just because the US$ is taking a powder does not mean there will be some kind of recovery. And the US$ will come back when the markets crater again and there’s massive selling. Look at the volume, it’s a classic bear market rally. The multiplier effect needs to be working for inflation. Who’s going to borrow money right now? I sure dont see it. Make no mistake about it, this is a total desperation move by someone that has no other option available.
December 16, 2008 at 5:17 PM #316874peterbParticipantWe’re turning Japanese. Just because the US$ is taking a powder does not mean there will be some kind of recovery. And the US$ will come back when the markets crater again and there’s massive selling. Look at the volume, it’s a classic bear market rally. The multiplier effect needs to be working for inflation. Who’s going to borrow money right now? I sure dont see it. Make no mistake about it, this is a total desperation move by someone that has no other option available.
December 16, 2008 at 6:01 PM #316416schizo2buyORnotParticipantYou guys don’t get it do you? Its the age old wisdom “Don’t Fight the Fed!” The Fed has determined that home prices must stop falling to save the economy from collapse. Today they signaled that they will keep firing until prices stop falling period. From today forward when you blather away about the sky continuing to fall from here you are a fool. The Fed printing press that prints dollars. If necessary they will print and loan at 0% until house prices stabilize. They will succeed and in Aug. 09 RE in SD will cost more “IN US DOLLARS . . . .” Now . . . if someone wants to argue that SD RE in Euro, Yen, or Gold will be worth less . . . . You may be right there. The dollar will weaken substantially from here on out. Sure the SD RE will be worth more in Aug. 09 but in real world global purchasing power terms it will be worth less. Read . . . if you have all your money in cash and are sitting in cash because the sky is continuing to fall you are in one of the worst most risky investments you can be in. Thats right . . . those that have their money in a bank so it is “safe” are going to get screwed. Buy RE, buy oil stocks, buy mining stocks, buy Chinese stocks, but gold, I don’t care. Don’t stay liquid in US dollars however. My original post stands . . . SD RE in US Dollars will cost more US Dollars in Aug. 09 . . . largely because the US dollar is going to hell in a hurry.
December 16, 2008 at 6:01 PM #316767schizo2buyORnotParticipantYou guys don’t get it do you? Its the age old wisdom “Don’t Fight the Fed!” The Fed has determined that home prices must stop falling to save the economy from collapse. Today they signaled that they will keep firing until prices stop falling period. From today forward when you blather away about the sky continuing to fall from here you are a fool. The Fed printing press that prints dollars. If necessary they will print and loan at 0% until house prices stabilize. They will succeed and in Aug. 09 RE in SD will cost more “IN US DOLLARS . . . .” Now . . . if someone wants to argue that SD RE in Euro, Yen, or Gold will be worth less . . . . You may be right there. The dollar will weaken substantially from here on out. Sure the SD RE will be worth more in Aug. 09 but in real world global purchasing power terms it will be worth less. Read . . . if you have all your money in cash and are sitting in cash because the sky is continuing to fall you are in one of the worst most risky investments you can be in. Thats right . . . those that have their money in a bank so it is “safe” are going to get screwed. Buy RE, buy oil stocks, buy mining stocks, buy Chinese stocks, but gold, I don’t care. Don’t stay liquid in US dollars however. My original post stands . . . SD RE in US Dollars will cost more US Dollars in Aug. 09 . . . largely because the US dollar is going to hell in a hurry.
December 16, 2008 at 6:01 PM #316809schizo2buyORnotParticipantYou guys don’t get it do you? Its the age old wisdom “Don’t Fight the Fed!” The Fed has determined that home prices must stop falling to save the economy from collapse. Today they signaled that they will keep firing until prices stop falling period. From today forward when you blather away about the sky continuing to fall from here you are a fool. The Fed printing press that prints dollars. If necessary they will print and loan at 0% until house prices stabilize. They will succeed and in Aug. 09 RE in SD will cost more “IN US DOLLARS . . . .” Now . . . if someone wants to argue that SD RE in Euro, Yen, or Gold will be worth less . . . . You may be right there. The dollar will weaken substantially from here on out. Sure the SD RE will be worth more in Aug. 09 but in real world global purchasing power terms it will be worth less. Read . . . if you have all your money in cash and are sitting in cash because the sky is continuing to fall you are in one of the worst most risky investments you can be in. Thats right . . . those that have their money in a bank so it is “safe” are going to get screwed. Buy RE, buy oil stocks, buy mining stocks, buy Chinese stocks, but gold, I don’t care. Don’t stay liquid in US dollars however. My original post stands . . . SD RE in US Dollars will cost more US Dollars in Aug. 09 . . . largely because the US dollar is going to hell in a hurry.
December 16, 2008 at 6:01 PM #316829schizo2buyORnotParticipantYou guys don’t get it do you? Its the age old wisdom “Don’t Fight the Fed!” The Fed has determined that home prices must stop falling to save the economy from collapse. Today they signaled that they will keep firing until prices stop falling period. From today forward when you blather away about the sky continuing to fall from here you are a fool. The Fed printing press that prints dollars. If necessary they will print and loan at 0% until house prices stabilize. They will succeed and in Aug. 09 RE in SD will cost more “IN US DOLLARS . . . .” Now . . . if someone wants to argue that SD RE in Euro, Yen, or Gold will be worth less . . . . You may be right there. The dollar will weaken substantially from here on out. Sure the SD RE will be worth more in Aug. 09 but in real world global purchasing power terms it will be worth less. Read . . . if you have all your money in cash and are sitting in cash because the sky is continuing to fall you are in one of the worst most risky investments you can be in. Thats right . . . those that have their money in a bank so it is “safe” are going to get screwed. Buy RE, buy oil stocks, buy mining stocks, buy Chinese stocks, but gold, I don’t care. Don’t stay liquid in US dollars however. My original post stands . . . SD RE in US Dollars will cost more US Dollars in Aug. 09 . . . largely because the US dollar is going to hell in a hurry.
December 16, 2008 at 6:01 PM #316904schizo2buyORnotParticipantYou guys don’t get it do you? Its the age old wisdom “Don’t Fight the Fed!” The Fed has determined that home prices must stop falling to save the economy from collapse. Today they signaled that they will keep firing until prices stop falling period. From today forward when you blather away about the sky continuing to fall from here you are a fool. The Fed printing press that prints dollars. If necessary they will print and loan at 0% until house prices stabilize. They will succeed and in Aug. 09 RE in SD will cost more “IN US DOLLARS . . . .” Now . . . if someone wants to argue that SD RE in Euro, Yen, or Gold will be worth less . . . . You may be right there. The dollar will weaken substantially from here on out. Sure the SD RE will be worth more in Aug. 09 but in real world global purchasing power terms it will be worth less. Read . . . if you have all your money in cash and are sitting in cash because the sky is continuing to fall you are in one of the worst most risky investments you can be in. Thats right . . . those that have their money in a bank so it is “safe” are going to get screwed. Buy RE, buy oil stocks, buy mining stocks, buy Chinese stocks, but gold, I don’t care. Don’t stay liquid in US dollars however. My original post stands . . . SD RE in US Dollars will cost more US Dollars in Aug. 09 . . . largely because the US dollar is going to hell in a hurry.
December 16, 2008 at 6:01 PM #316421The OC ScamParticipant[quote=stockstradr]Treasury Secretary Henry Paulson said…(see post above)
Of course the Fed IS planning (or already implementing) actions to bring mortgage rates down to (or below) 4.5% on 30-year fixed.
Paulson isn’t an idiot (although he acts like one); he understands that a promise to America for rates of 4.5% on 30-year fixed would bring the already slow-as-molasses home market to a standstill, as potential homebuyers stalled purchases and waited for the promised 4.5% loans.
So Paulson made the only statement that wouldn’t get him fired. He lied and said they weren’t targeting 4.5%
[/quote]Basically if Paulson says “We are not planning for 4.5 % on 30 year” then he means “We are planning for 2.5% on 30 year”?
December 16, 2008 at 6:01 PM #316772The OC ScamParticipant[quote=stockstradr]Treasury Secretary Henry Paulson said…(see post above)
Of course the Fed IS planning (or already implementing) actions to bring mortgage rates down to (or below) 4.5% on 30-year fixed.
Paulson isn’t an idiot (although he acts like one); he understands that a promise to America for rates of 4.5% on 30-year fixed would bring the already slow-as-molasses home market to a standstill, as potential homebuyers stalled purchases and waited for the promised 4.5% loans.
So Paulson made the only statement that wouldn’t get him fired. He lied and said they weren’t targeting 4.5%
[/quote]Basically if Paulson says “We are not planning for 4.5 % on 30 year” then he means “We are planning for 2.5% on 30 year”?
December 16, 2008 at 6:01 PM #316814The OC ScamParticipant[quote=stockstradr]Treasury Secretary Henry Paulson said…(see post above)
Of course the Fed IS planning (or already implementing) actions to bring mortgage rates down to (or below) 4.5% on 30-year fixed.
Paulson isn’t an idiot (although he acts like one); he understands that a promise to America for rates of 4.5% on 30-year fixed would bring the already slow-as-molasses home market to a standstill, as potential homebuyers stalled purchases and waited for the promised 4.5% loans.
So Paulson made the only statement that wouldn’t get him fired. He lied and said they weren’t targeting 4.5%
[/quote]Basically if Paulson says “We are not planning for 4.5 % on 30 year” then he means “We are planning for 2.5% on 30 year”?
December 16, 2008 at 6:01 PM #316834The OC ScamParticipant[quote=stockstradr]Treasury Secretary Henry Paulson said…(see post above)
Of course the Fed IS planning (or already implementing) actions to bring mortgage rates down to (or below) 4.5% on 30-year fixed.
Paulson isn’t an idiot (although he acts like one); he understands that a promise to America for rates of 4.5% on 30-year fixed would bring the already slow-as-molasses home market to a standstill, as potential homebuyers stalled purchases and waited for the promised 4.5% loans.
So Paulson made the only statement that wouldn’t get him fired. He lied and said they weren’t targeting 4.5%
[/quote]Basically if Paulson says “We are not planning for 4.5 % on 30 year” then he means “We are planning for 2.5% on 30 year”?
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