Tuesday, November 02, 2010

9 YEARS OF HOUSING BACKLOG

MISH'S BLOG link

Obama says he has "stabilized housing, jobs, economy and financials......" it may SEEM like things are stabilized, but they printed $3 trillion just to do that, $3T pLUS that hadn't existed before the crisis......I could solve lots more problems if I could print $1T....or more.

GOV has proven whenever they do something VS the private sector it costs a LOT more, very inefficient use of our resources.

SBA loans are beginning to get out there.....for struggling companies....more of that please.If you have been playing the game YES be invested since March of 2009 (don't overstay welcome!), but most people never get in LOW SELL HIGH or just STAY IN whole time....so in 10 NET YEARS we have gone nowhere on PAPER< actually the US $ index has fallen some 35% since 2001....hardly spinning our wheels.

When will someone/s of real vision, fairness and ability come along and set things straight?

A FREE MARKET system setting market rates to things would have SNIFFED out the housing BUBBLE way before it got to where it did....DEMAND for loans would have pushed rates high enough to squash excessive speculation......THE FED is supposed to be the gate keeper....not CRASHER......savoir? my goodness they helped create the disaster.

NO surprise the markets rallied and US $ fell.....Let's weaken our currency and manufacturing base further....or maybe if our $ falls another 50% we can compete with China....The STD of living in this country is falling and at huge risk.
D

No comments: