That would be good news if it were true. Housing should
bottom out somewhere near 2011 (or after) As most previous housing
cycles have been 5 years. What we have to keep in mind is
that this is a much STRONGER (Grand Supercycle decline) so I would
be cautious about believing those that tout that it will be over
soon. One thing that I put down on my notes (since I do
residentila home appraisals part time) is that when housing starts
(going back to the 60's) see a 3 month uptick then 6 months later
the stock market goes up. I am not sure if I even believe that one
but it might work for a while at least. Fina
finam -- I was being sarcastic about good news for
housing. I expect this to be worse than the Great
Depression. Over and over I hear commentators say, well,
unlike the Great Depression there won't be unemployed people
lining up in the streets for food..................I think, wait a
few years. Some states are running out of money for
unemployment benefits already.
That same guy then went on to say that people who buy stocks now
will be well rewarded in a few years. I am expecting that
there will more likely be riots in the streets in a few years.
michael, 100% agree. When deflation lets up, load up on non
perishables as this may be the only way to make money - you bought
it for $3 now sell it for $5 while at the store it is $10. I am
most concerned as to the civil unrest we are likely to see. If your
house looks like there may be something in it worth stealing then
look out. Folks will do what they need to do to eat, have shelter,
and provide for families. Unlike the 30's, I don't think people
today would be nearly as patient or tolerant. Many people think
nothing of killing someone for anything. One's imagination can go
wild on the "what if" - it's all very scary.
Robin -- yep. I'm hoping gold goes back to around 600 -
650 sometime this year. If it does, I'm a buyer of more
physical gold. The whole thing
is wierd because I remember the survivalist wave in the seventies,
with people forecasting economic collapse. And now here it
actually is.
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Title: Housing That would be good
good news! some guy from Harris Private Bank on Bloomberg ...
Posted by finam on 2nd of Feb 2009 at 11:33 am
That would be good news if it were true. Housing should bottom out somewhere near 2011 (or after) As most previous housing cycles have been 5 years. What we have to keep in mind is that this is a much STRONGER (Grand Supercycle decline) so I would be cautious about believing those that tout that it will be over soon. One thing that I put down on my notes (since I do residentila home appraisals part time) is that when housing starts (going back to the 60's) see a 3 month uptick then 6 months later the stock market goes up. I am not sure if I even believe that one but it might work for a while at least. Fina
finam -- I was being
Posted by Michael on 2nd of Feb 2009 at 11:41 am
finam -- I was being sarcastic about good news for housing. I expect this to be worse than the Great Depression. Over and over I hear commentators say, well, unlike the Great Depression there won't be unemployed people lining up in the streets for food..................I think, wait a few years. Some states are running out of money for unemployment benefits already.
That same guy then went on to say that people who buy stocks now will be well rewarded in a few years. I am expecting that there will more likely be riots in the streets in a few years.
Greater Depression
Posted by rgoodwin on 2nd of Feb 2009 at 12:02 pm
michael, 100% agree. When deflation lets up, load up on non perishables as this may be the only way to make money - you bought it for $3 now sell it for $5 while at the store it is $10. I am most concerned as to the civil unrest we are likely to see. If your house looks like there may be something in it worth stealing then look out. Folks will do what they need to do to eat, have shelter, and provide for families. Unlike the 30's, I don't think people today would be nearly as patient or tolerant. Many people think nothing of killing someone for anything. One's imagination can go wild on the "what if" - it's all very scary.
Robin -- yep. I'm hoping
Posted by Michael on 2nd of Feb 2009 at 12:28 pm
Robin -- yep. I'm hoping gold goes back to around 600 - 650 sometime this year. If it does, I'm a buyer of more physical gold. The whole thing is wierd because I remember the survivalist wave in the seventies, with people forecasting economic collapse. And now here it actually is.