Friday, November 05, 2010

LIARS POKER

ATLANTA (AP) -- Beazer Homes USA Inc. said Friday it moved to a fiscal fourth-quarter loss on inventory charges as new orders and home closings declined.

Home sales are near the lowest levels in decades ever since federal homebuyer tax credits expired in April.

FED SAYS....."want to stimulate assets........" but any ignoramous knows jobs are needed, then maybe those.....after awhile.....saving some will buy a home......FED QE 1 was proven ineffective in creating jobs nor stimulating housing as soon as false stimulus pulled away.....now EVERYONE knew QE2 was coming and REP victory....stocks had already rallied to that point, yet more rally on the news everyone already knew. Individuals we have proven have pulled out of domestic equity funds on the net consecutive 26 weeks.....so....the volume and buying is coming from where? FED HAS TARGETED THE STOCK MARKET.....this is a dangerous game of asset manipulation.

Yes we want growth and asset appreciation, when THEY do it we end up with 2007 scenario....agencies and watchdogs were on the job, in place and saw everything and did nothing.....now THE FED and friends are puzzeled at the outcome? have the answers we seek?

How can that be......when we aren't just getting more that didn't work, we're getting GOBS MORE.....notice how the 4% plane has been broken by the 30 yr treasury as its yield has moved up.

Another genius on CNBC Zandi....big deal economist for Moody's (didnt they fail to protect mortgage investors?) sees the FED's plans as just what we need..... the 2 HAIRS and BECKY can't even ask him above the stats BEFORE and 1 yr AFTER QE1 and prove that worked on anything but pushing stock prices up. (follow that story up with the 2 HAIRS sharing a $175 HAmburger with GOLD FLAKES!!!! how posh)

When an asset class in a FREE MARKET moves higher from demand supply perspective.....and no outside influences are added...such as over reaction by FED to last crisis and holding rates to 1% TOO LONG even as EVIDENCE was available that the condo/housing market had gone speculative.....then they fail to react, then BERNANKE goes live and says...."nothing to worry, housing prices have never gone down yr/yr.....this will pass, wont effect greater economy".....gee he sure was wrong and got awarded by Obvama to ANOTHER TERM AS FED CHAIRMAN!!???

Now we have had 2 PLUS years of 0% FED rate, $TRILLIONS of funny money and $Trillions of GOV STIM.....OFFICIAL end of Recession (more genuises) was SUmmer of 2009???!!!! yet we sit with "official" (we can trust!) unemployment of 9.6% ~!!!

As the geniuses had said we would be at 7% with all they had done. WELL it didn't work, so why not double down? OMG!!!!!! REP HOuse wont help.....MOST AMERICANS credit scores and HOME VALUATIONS have fallen so low they CANNOT ACCESS LOW LOW LOW INT RATES TO REFINANCE....like chaining a man left for week in desert to a tree just out of reach of running water!

99% of them are clueless.....if not outright LIARS....insiders getting dealt nice hand....the avg american has crapped out.......IDIOTS...why not make SURE loans get to small business so they STOP REDUCING PAYROLLS... CUT BIX TAXES NOW.....PUT MORE MONEY IN HANDS OF WORKERS STILL ON FEET by lowering payroll taxes NOW......STOP FUELING FALSE STOCK RALLY WITH OUR MONEY......STOP propping up the banks that WONT LEND to those with declining loan demand.....great plan to fix our economy shipping more $'s and jobs overseas!! A HUGE JUMP IN OIL ($86 !!) AND FOOD STUFFS.....on verge of deflation or is inflation already here?

Duratek

2 comments:

SSK said...

yes, quite an articulate post. Amazing. Thanks, you do a great job! SSK

Marc R said...

Thanks SSK, and thanks for the book....