http://biz.yahoo.com/ap/050325/home_sales_2.html
The Markets and GLOBAL economies are being levitated by a SEA OF LIQUIDITY from the Central Banks. A specific date for an end cannot be predicted but an END will come to this game.
GOODS being shipped in from ASIA may not be going up much (because of dollar peg) as other currencies are being kept weak by forced dollar buying, but all else is RISING..health care energy, food housing, tuition.
The FED may try and talk out of both sides of their mouth, by dear readers they aren't FOOLING all of us!
And it is taking ever more $$ of debt to turn into a $ of GDP, we already have surpassed any historic precedent when it comes to liquidity, money supply growth debt etc, there is no EASY way out.....down.
Imbalances and investment are so screwed up and misallocated there is no easy way out.
I feel a crash of unprecedented severity could occur at ANY TIME, IMHO.
The JUICE BAR is still open, but for how long can you squeeze lemmons into lemonade!?
Duratek
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