Wednesday, June 23, 2010

OFF LIFE SUPPORT PATIENT EXPIRES

"New Home Sales Plunge to Record Low as Tax Credits Expire- AP

Sales of new homes collapsed last month, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer get government incentives."

You still counting on mythical V SHAPED RECOVERY FOLKS? Now I know market can and will do anything, AND can and will confound as many bears and bulls as it can.....SHIT I'm just looking for the thinnest of proof we even have any kind of recovery!

And GOV and FED policy has failed, maybe any policy would fail in the face of this historic burst? BUT the savers are getting SCREWED and the BANKS WONT LEND.....why not raise rates? savers spend too!

Duratek.....your never ceasing servant in search of direction and truth

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