Wednesday, November 25, 2009

DURABLE RECOVERY?????


The SPECTACULAR RISE in home sales being touted (kind word), did they mention it's probably ALL "SEASONAL ADJUSTMENTS" and any real sales were mostly LOW priced CONDOS....that my buddy in Tamap tells me know no bounds.....meaning plentiful and empty.
As gold nears $1,200 and during this rally we have lost another 3 MILLION jobs, seen credit outstanding contract, loan requirement tighten, credit card companies JACK UP RATES and credit line CUT, home prices slip, forclosure continue to rise, ZOMBIE phantom inventory kept hidden from view, as job losses slow remember their firing arm is getting tired and no more fat left....maybe little muscle too...far cry from ADDING JOBS.
For me 2 + 2 doesn't equal 4.....
D

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