Ok. So now that we’re in the middle of the biggest economic shitstorm, how is everyone feeling these days?
Banks are failing left and right, the markets are the lowest levels for quite some time. Commodities have taken a plunge, oil and gas is getting hit, and those that thought the foreign markets would be “safe” haven are quickly seeing that all the markets are interconnected and that when the U.S. economy sneezes every other economy catches a cold.
On top of that, the economic turmoil that started out just impacting “realtards and mortgage brokers” and carried into those institutions run by “retarded Harvard and Ivy League” alumni are now finding ways into some of your backyard, including government workers and budgets, financial, service, small biz, and even yes enginerds who’s some CEO’s are now anticipating a big slowdown and laying off masses such as HP and it’s 24,000 job cut).
Unemployment is on the rise, salaries are stagnant and/or falling. Pensions are going to get hammered, 401k accounts are going down, cash savings are getting eaten alive by inflation, and if you’re not careful, might not be fully insured if you forget and exceed the FDIC limits.
Of course, home prices are going to come down. But how’s everyone feeling? Who’s in a home buying mood ? 🙂
The market is far too volatile and emotional for me to come to any logical conclusions. The market is DESPERATE for any decent news that its actually rallying right now. I think from a longer term perspective its going to get a lot uglier which is no shocker and I think if you don’t have to spend any more $$ on anything, that’s probably the wise thing to do as you’ll need the cash. That said with our gov’t inflating us out of this and our dollar crashing, maybe we all should go out and buy homes. At least we’d have something tangible to show for it versus a bunch of worthless paper.
The market is far too volatile and emotional for me to come to any logical conclusions. The market is DESPERATE for any decent news that its actually rallying right now. I think from a longer term perspective its going to get a lot uglier which is no shocker and I think if you don’t have to spend any more $$ on anything, that’s probably the wise thing to do as you’ll need the cash. That said with our gov’t inflating us out of this and our dollar crashing, maybe we all should go out and buy homes. At least we’d have something tangible to show for it versus a bunch of worthless paper.
The market is far too volatile and emotional for me to come to any logical conclusions. The market is DESPERATE for any decent news that its actually rallying right now. I think from a longer term perspective its going to get a lot uglier which is no shocker and I think if you don’t have to spend any more $$ on anything, that’s probably the wise thing to do as you’ll need the cash. That said with our gov’t inflating us out of this and our dollar crashing, maybe we all should go out and buy homes. At least we’d have something tangible to show for it versus a bunch of worthless paper.
The market is far too volatile and emotional for me to come to any logical conclusions. The market is DESPERATE for any decent news that its actually rallying right now. I think from a longer term perspective its going to get a lot uglier which is no shocker and I think if you don’t have to spend any more $$ on anything, that’s probably the wise thing to do as you’ll need the cash. That said with our gov’t inflating us out of this and our dollar crashing, maybe we all should go out and buy homes. At least we’d have something tangible to show for it versus a bunch of worthless paper.
