The Economy is a Lie, too

[4plexowner]

http://www.prisonplanet.com/the-economy-is-a-lie-too.html

“Americans cannot get any truth out of their government about anything, the economy included. ”

“The worst part of the decline is yet to come. Bank failures and home foreclosures are yet to peak. The commercial real estate bust is yet to hit. The dollar crisis is building.

When it hits, interest rates will rise dramatically as the US struggles to finance its massive budget and trade deficits while the rest of the world tries to escape a depreciating dollar. ”

about the author of this article:

“Paul Craig Roberts … served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as the “Father of Reaganomics”. He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He is a graduate of the Georgia Institute of Technology and he holds a Ph.D. from the University of Virginia. He was a post-graduate at the University of California, Berkeley, and Oxford University where he was a member of Merton College.”

http://en.wikipedia.org/wiki/Paul_Craig_Roberts

[Rt.66]

How can that be accurate, we have bidding wars for homes in SoCal? We have a whole new crowd of savvy RE investors outbidding each other preparing for the next big wave of RE appreciation.

Meanwhile…Japanese RE values reach bubble top @ Fall of 1989. 2009 still falling, but hope blooms eternal for RE bulls:

“It is the biggest decline in five years with average price falling 4.4% in the 12 months to the end of June and also marks the 18th consecutive annual decline, according to figures from the Ministry of Land, Infrastructure, Transport and Tourism.” http://www.nuwireinvestor.com/articles/japan-real-estate-nowhere-to-go-but-up-53718.aspx

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

We’ll be fine right? Bid that REO up!!

[Rt.66]

How can that be accurate, we have bidding wars for homes in SoCal? We have a whole new crowd of savvy RE investors outbidding each other preparing for the next big wave of RE appreciation.

Meanwhile…Japanese RE values reach bubble top @ Fall of 1989. 2009 still falling, but hope blooms eternal for RE bulls:

“It is the biggest decline in five years with average price falling 4.4% in the 12 months to the end of June and also marks the 18th consecutive annual decline, according to figures from the Ministry of Land, Infrastructure, Transport and Tourism.” http://www.nuwireinvestor.com/articles/japan-real-estate-nowhere-to-go-but-up-53718.aspx

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

We’ll be fine right? Bid that REO up!!

[Rt.66]

How can that be accurate, we have bidding wars for homes in SoCal? We have a whole new crowd of savvy RE investors outbidding each other preparing for the next big wave of RE appreciation.

Meanwhile…Japanese RE values reach bubble top @ Fall of 1989. 2009 still falling, but hope blooms eternal for RE bulls:

“It is the biggest decline in five years with average price falling 4.4% in the 12 months to the end of June and also marks the 18th consecutive annual decline, according to figures from the Ministry of Land, Infrastructure, Transport and Tourism.” http://www.nuwireinvestor.com/articles/japan-real-estate-nowhere-to-go-but-up-53718.aspx

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

We’ll be fine right? Bid that REO up!!

[Rt.66]

How can that be accurate, we have bidding wars for homes in SoCal? We have a whole new crowd of savvy RE investors outbidding each other preparing for the next big wave of RE appreciation.

Meanwhile…Japanese RE values reach bubble top @ Fall of 1989. 2009 still falling, but hope blooms eternal for RE bulls:

“It is the biggest decline in five years with average price falling 4.4% in the 12 months to the end of June and also marks the 18th consecutive annual decline, according to figures from the Ministry of Land, Infrastructure, Transport and Tourism.” http://www.nuwireinvestor.com/articles/japan-real-estate-nowhere-to-go-but-up-53718.aspx

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

We’ll be fine right? Bid that REO up!!

[Rt.66]

How can that be accurate, we have bidding wars for homes in SoCal? We have a whole new crowd of savvy RE investors outbidding each other preparing for the next big wave of RE appreciation.

Meanwhile…Japanese RE values reach bubble top @ Fall of 1989. 2009 still falling, but hope blooms eternal for RE bulls:

“It is the biggest decline in five years with average price falling 4.4% in the 12 months to the end of June and also marks the 18th consecutive annual decline, according to figures from the Ministry of Land, Infrastructure, Transport and Tourism.” http://www.nuwireinvestor.com/articles/japan-real-estate-nowhere-to-go-but-up-53718.aspx

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

We’ll be fine right? Bid that REO up!!

[Rt.66]

Here’s that Japan thing again:

“I don’t think we seem to be recovering,” he continued. “There are more people unemployed all the time. … We’re doing everything wrong, we’re doing what we did in the Depression, we’re doing what the Japanese did in the 1990s, which is propping up bad investment”.

From the Ron Paul: Federal government ‘one giant toxic asset Thread

2007 plus 18 years = 2025

I’m gonna start making my offers based on declines through 2025.

[Rt.66]

Here’s that Japan thing again:

“I don’t think we seem to be recovering,” he continued. “There are more people unemployed all the time. … We’re doing everything wrong, we’re doing what we did in the Depression, we’re doing what the Japanese did in the 1990s, which is propping up bad investment”.

From the Ron Paul: Federal government ‘one giant toxic asset Thread

2007 plus 18 years = 2025

I’m gonna start making my offers based on declines through 2025.

[Rt.66]

Here’s that Japan thing again:

“I don’t think we seem to be recovering,” he continued. “There are more people unemployed all the time. … We’re doing everything wrong, we’re doing what we did in the Depression, we’re doing what the Japanese did in the 1990s, which is propping up bad investment”.

From the Ron Paul: Federal government ‘one giant toxic asset Thread

2007 plus 18 years = 2025

I’m gonna start making my offers based on declines through 2025.

[Rt.66]

Here’s that Japan thing again:

“I don’t think we seem to be recovering,” he continued. “There are more people unemployed all the time. … We’re doing everything wrong, we’re doing what we did in the Depression, we’re doing what the Japanese did in the 1990s, which is propping up bad investment”.

From the Ron Paul: Federal government ‘one giant toxic asset Thread

2007 plus 18 years = 2025

I’m gonna start making my offers based on declines through 2025.

[Rt.66]

Here’s that Japan thing again:

“I don’t think we seem to be recovering,” he continued. “There are more people unemployed all the time. … We’re doing everything wrong, we’re doing what we did in the Depression, we’re doing what the Japanese did in the 1990s, which is propping up bad investment”.

From the Ron Paul: Federal government ‘one giant toxic asset Thread

2007 plus 18 years = 2025

I’m gonna start making my offers based on declines through 2025.

[blahblahblah]

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

Comparisons with Japan may not work out with the US. Japan has basically zero immigration, negative population growth, and a strong production-based economy. We have very liberal immigration, positive population growth, and a primarily service and government-based economy. I think the USSR of the 70s/80s and possibly the UK at the end of the 19th century might be better examples but even those don’t match up very well. We are in uncharted territory.

[blahblahblah]

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

Comparisons with Japan may not work out with the US. Japan has basically zero immigration, negative population growth, and a strong production-based economy. We have very liberal immigration, positive population growth, and a primarily service and government-based economy. I think the USSR of the 70s/80s and possibly the UK at the end of the 19th century might be better examples but even those don’t match up very well. We are in uncharted territory.

[blahblahblah]

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

Comparisons with Japan may not work out with the US. Japan has basically zero immigration, negative population growth, and a strong production-based economy. We have very liberal immigration, positive population growth, and a primarily service and government-based economy. I think the USSR of the 70s/80s and possibly the UK at the end of the 19th century might be better examples but even those don’t match up very well. We are in uncharted territory.

[blahblahblah]

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

Comparisons with Japan may not work out with the US. Japan has basically zero immigration, negative population growth, and a strong production-based economy. We have very liberal immigration, positive population growth, and a primarily service and government-based economy. I think the USSR of the 70s/80s and possibly the UK at the end of the 19th century might be better examples but even those don’t match up very well. We are in uncharted territory.

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