Wednesday, April 20, 2011

S&P 500 AT PREVIOUS RESISTANCE

CNBC reports that the way to heal housing is to have the government " bulldoze foreclosed and abandoned homes" thus shrinking supply......gosh what a brillaint idea...in the meantime the charade called Recovery goes on at the cost of inflation here and abroad and the destruction of our currency, hope its worth it

D

2 comments:

Anonymous said...

They would rather destroy the homes than auction them off to cash buyers. Put them up for a live call auction starting bid of 1 penny. Sell to the highest bidder. CASH ONLY.

Set the property tax at the value level of whatever amount the house is purchased for!

Let actual people purchase the homes. The idea of destroying existing assets within the USA reeks of desperation.

Duratek said...

Does any of this add up to you? Amazing what a few trillion can buy...the HOUSE of cards will fall bulldozed or not