Our focus on the housing market is no longer!

[Geedup]

They should remake the film “Weekend at Bernies” but instead they should call it “Weekend at Bernake’s”

You know the 1989 film where two guys prop up a dead guy and party with him all weekend and pretend he is alive to maintain apperances and use his beach front pad and have one last wild party?

[img_assist|nid=8960|title=Weekend|desc=|link=node|align=left|width=180|height=259]

Well that is what is happening to Casino Wall Street right now…

[socrattt]

I just found a very informative website that may help all of us dissect the issues at hand.

http://blog.berninger.de/index.php

This website gives some detailed information on what just went down this past week and what is about to happen to our economy.

I truly believe the housing market is about to see a huge correction again. This correction isn’t going to happen over a couple of years but rather something that could take place over a few months. I didn’t believe this would actually happen until recently. I have been writing offers on numerous properties that had high cash flow potential (thank goodness none my offers were ever accepted). I now have moved toward a very pesimistic view of the real estate market after this weeks actions by the Fed and the central banks.

The very unique idea here is that there will be many opinions. The truth is the goverment in the next few weeks will be making moves similar to the game “Stratego”, but in this case they aren’t trying to capture the flag, but rather save the global economy. Each move will be crucial and one wrong move could cause catastrophic consequences.

The game is over this is real life!!!!

[socrattt]

I just found a very informative website that may help all of us dissect the issues at hand.

http://blog.berninger.de/index.php

This website gives some detailed information on what just went down this past week and what is about to happen to our economy.

I truly believe the housing market is about to see a huge correction again. This correction isn’t going to happen over a couple of years but rather something that could take place over a few months. I didn’t believe this would actually happen until recently. I have been writing offers on numerous properties that had high cash flow potential (thank goodness none my offers were ever accepted). I now have moved toward a very pesimistic view of the real estate market after this weeks actions by the Fed and the central banks.

The very unique idea here is that there will be many opinions. The truth is the goverment in the next few weeks will be making moves similar to the game “Stratego”, but in this case they aren’t trying to capture the flag, but rather save the global economy. Each move will be crucial and one wrong move could cause catastrophic consequences.

The game is over this is real life!!!!

[socrattt]

I just found a very informative website that may help all of us dissect the issues at hand.

http://blog.berninger.de/index.php

This website gives some detailed information on what just went down this past week and what is about to happen to our economy.

I truly believe the housing market is about to see a huge correction again. This correction isn’t going to happen over a couple of years but rather something that could take place over a few months. I didn’t believe this would actually happen until recently. I have been writing offers on numerous properties that had high cash flow potential (thank goodness none my offers were ever accepted). I now have moved toward a very pesimistic view of the real estate market after this weeks actions by the Fed and the central banks.

The very unique idea here is that there will be many opinions. The truth is the goverment in the next few weeks will be making moves similar to the game “Stratego”, but in this case they aren’t trying to capture the flag, but rather save the global economy. Each move will be crucial and one wrong move could cause catastrophic consequences.

The game is over this is real life!!!!

[socrattt]

I just found a very informative website that may help all of us dissect the issues at hand.

http://blog.berninger.de/index.php

This website gives some detailed information on what just went down this past week and what is about to happen to our economy.

I truly believe the housing market is about to see a huge correction again. This correction isn’t going to happen over a couple of years but rather something that could take place over a few months. I didn’t believe this would actually happen until recently. I have been writing offers on numerous properties that had high cash flow potential (thank goodness none my offers were ever accepted). I now have moved toward a very pesimistic view of the real estate market after this weeks actions by the Fed and the central banks.

The very unique idea here is that there will be many opinions. The truth is the goverment in the next few weeks will be making moves similar to the game “Stratego”, but in this case they aren’t trying to capture the flag, but rather save the global economy. Each move will be crucial and one wrong move could cause catastrophic consequences.

The game is over this is real life!!!!

[socrattt]

I just found a very informative website that may help all of us dissect the issues at hand.

http://blog.berninger.de/index.php

This website gives some detailed information on what just went down this past week and what is about to happen to our economy.

I truly believe the housing market is about to see a huge correction again. This correction isn’t going to happen over a couple of years but rather something that could take place over a few months. I didn’t believe this would actually happen until recently. I have been writing offers on numerous properties that had high cash flow potential (thank goodness none my offers were ever accepted). I now have moved toward a very pesimistic view of the real estate market after this weeks actions by the Fed and the central banks.

The very unique idea here is that there will be many opinions. The truth is the goverment in the next few weeks will be making moves similar to the game “Stratego”, but in this case they aren’t trying to capture the flag, but rather save the global economy. Each move will be crucial and one wrong move could cause catastrophic consequences.

The game is over this is real life!!!!

[EconProf]

For sure we are in uncharted waters. I no longer know whether we are in for inflation or deflation. Recessions are fundamentally deflationary, and I think that will dominate our immediate future. OTOH, with the Fed and Treasury putting the printing presses on overtime, inflation may be inevitable in the long term.
I can say that today I converted my money market account into checking. No telling how long it will take the newly proposed FDIC-type program to apply to money market accounts, and their interest rates are puny anyway. I also fully withdrew my HELOC funds, in case the bank lowers it unilaterally. After all, at the bottom cash will be king, and the rush to liquidity has already started.

[EconProf]

For sure we are in uncharted waters. I no longer know whether we are in for inflation or deflation. Recessions are fundamentally deflationary, and I think that will dominate our immediate future. OTOH, with the Fed and Treasury putting the printing presses on overtime, inflation may be inevitable in the long term.
I can say that today I converted my money market account into checking. No telling how long it will take the newly proposed FDIC-type program to apply to money market accounts, and their interest rates are puny anyway. I also fully withdrew my HELOC funds, in case the bank lowers it unilaterally. After all, at the bottom cash will be king, and the rush to liquidity has already started.

[EconProf]

For sure we are in uncharted waters. I no longer know whether we are in for inflation or deflation. Recessions are fundamentally deflationary, and I think that will dominate our immediate future. OTOH, with the Fed and Treasury putting the printing presses on overtime, inflation may be inevitable in the long term.
I can say that today I converted my money market account into checking. No telling how long it will take the newly proposed FDIC-type program to apply to money market accounts, and their interest rates are puny anyway. I also fully withdrew my HELOC funds, in case the bank lowers it unilaterally. After all, at the bottom cash will be king, and the rush to liquidity has already started.

[EconProf]

For sure we are in uncharted waters. I no longer know whether we are in for inflation or deflation. Recessions are fundamentally deflationary, and I think that will dominate our immediate future. OTOH, with the Fed and Treasury putting the printing presses on overtime, inflation may be inevitable in the long term.
I can say that today I converted my money market account into checking. No telling how long it will take the newly proposed FDIC-type program to apply to money market accounts, and their interest rates are puny anyway. I also fully withdrew my HELOC funds, in case the bank lowers it unilaterally. After all, at the bottom cash will be king, and the rush to liquidity has already started.

[EconProf]

For sure we are in uncharted waters. I no longer know whether we are in for inflation or deflation. Recessions are fundamentally deflationary, and I think that will dominate our immediate future. OTOH, with the Fed and Treasury putting the printing presses on overtime, inflation may be inevitable in the long term.
I can say that today I converted my money market account into checking. No telling how long it will take the newly proposed FDIC-type program to apply to money market accounts, and their interest rates are puny anyway. I also fully withdrew my HELOC funds, in case the bank lowers it unilaterally. After all, at the bottom cash will be king, and the rush to liquidity has already started.

[urbanrealtor]

I disagree with you on 2 of your points.

1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.

2:
I think that the nature of this crisis is more akin to a nuclear attack than a Tsunami. We can’t avoid the pain by moving money to other vehicles (though there is some ability to minimize it). This is a global crisis and I really can’t think of an unaffected investment. Again, some may feel a touch less. It won’t wipe us out but it will change our lives.

[urbanrealtor]

I disagree with you on 2 of your points.

1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.

2:
I think that the nature of this crisis is more akin to a nuclear attack than a Tsunami. We can’t avoid the pain by moving money to other vehicles (though there is some ability to minimize it). This is a global crisis and I really can’t think of an unaffected investment. Again, some may feel a touch less. It won’t wipe us out but it will change our lives.

[urbanrealtor]

I disagree with you on 2 of your points.

1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.

2:
I think that the nature of this crisis is more akin to a nuclear attack than a Tsunami. We can’t avoid the pain by moving money to other vehicles (though there is some ability to minimize it). This is a global crisis and I really can’t think of an unaffected investment. Again, some may feel a touch less. It won’t wipe us out but it will change our lives.

[urbanrealtor]

I disagree with you on 2 of your points.

1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.

2:
I think that the nature of this crisis is more akin to a nuclear attack than a Tsunami. We can’t avoid the pain by moving money to other vehicles (though there is some ability to minimize it). This is a global crisis and I really can’t think of an unaffected investment. Again, some may feel a touch less. It won’t wipe us out but it will change our lives.

[Author]

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