11 Replies to “4 Year Recovery Watch Remains On High Alert”
Um. Must be all those coal burning car sales. Sheeple are saving SO much now that they are cutting back on eeevvviiiil gas,they can afford more expensive homes.Hey. It works for the Gorbul,doesn’t it?
Well Just, according to one NYT Reporter consumers have more money due to gas being 20 cents cheaper a gallon. Let’s see, $4 bucks a gallon for 93 octane is now $3.80, for a 24 gallon tank you save $4.80. If you burn at least 4 tanks in a month you save $19.80 . Yea, think I’ll jump right out there and snag a $380,000 mortgage with those savings.
,
Long and short of it is that it’s a dead cat bounce. There’s still a huge net loss in housing equity compared with the peak, and it’s not going back anywhere near to 2006-7 levels. This isn’t an economic recovery; it’s merely that housing in the US has finally found its market bottom and has lifted a trifle above that.
And making matters worse, it’s entirely a function of quantitative easing and not a function of actual economic growth. If interest rates ever rise, all of this vaporizes instantly.
Two typically American expressions have always struck me:
1) “Make money”
2) “Sell someone short”
Kate,
Don’t sell America short.
Headline:
MORE UGLY BROADS GETTING LUCKY MORE OFTEN!
Fine print:
Desperate scrags pay for sex.
Yup … been watching that line-o-crap for a while now.
LOve it when the fed takes their talking points from the Real Estate hucksters.
Any glimmer of hope will be jumped on in order to pump a bit of sunshine up the consumers ass. Overall, the math still says a major crash is still around the corner. http://www.usdebtclock.org/index.html
August991, America sold herself short when she elected Obama – and then doubled down on it and reelected him.
You have to wonder if that’s been influenced by the homes in Detroit that have burned down, fallen down, torn down, burned down and did I mention burned down?
Less of a product available when a demand begins affects pricing. No?
Um. Must be all those coal burning car sales. Sheeple are saving SO much now that they are cutting back on eeevvviiiil gas,they can afford more expensive homes.Hey. It works for the Gorbul,doesn’t it?
Well Just, according to one NYT Reporter consumers have more money due to gas being 20 cents cheaper a gallon. Let’s see, $4 bucks a gallon for 93 octane is now $3.80, for a 24 gallon tank you save $4.80. If you burn at least 4 tanks in a month you save $19.80 . Yea, think I’ll jump right out there and snag a $380,000 mortgage with those savings.
,
Long and short of it is that it’s a dead cat bounce. There’s still a huge net loss in housing equity compared with the peak, and it’s not going back anywhere near to 2006-7 levels. This isn’t an economic recovery; it’s merely that housing in the US has finally found its market bottom and has lifted a trifle above that.
And making matters worse, it’s entirely a function of quantitative easing and not a function of actual economic growth. If interest rates ever rise, all of this vaporizes instantly.
Two typically American expressions have always struck me:
1) “Make money”
2) “Sell someone short”
Kate,
Don’t sell America short.
Headline:
MORE UGLY BROADS GETTING LUCKY MORE OFTEN!
Fine print:
Desperate scrags pay for sex.
Yup … been watching that line-o-crap for a while now.
LOve it when the fed takes their talking points from the Real Estate hucksters.
An Apple a day keeps the tax man at bay
http://www.zerohedge.com/news/2013-04-30/what-was-left-unanswered-todays-apple-record-bond-offering
This is my favourite ‘Great’ Depression chart:
http://elainemeinelsupkis.typepad.com/ezmoneymatters/images/2008/09/15/great_depression_stock_graph_where_.jpg
Notice, there is no recovery for 35 years…
Now try and imagine the chart starting in ’29 except every level of government in the civilized world has about 100% debt/GDP of their constituents + among their constituents there is, on average, 140+% household debt.
Any glimmer of hope will be jumped on in order to pump a bit of sunshine up the consumers ass. Overall, the math still says a major crash is still around the corner.
http://www.usdebtclock.org/index.html
August991, America sold herself short when she elected Obama – and then doubled down on it and reelected him.
You have to wonder if that’s been influenced by the homes in Detroit that have burned down, fallen down, torn down, burned down and did I mention burned down?
Less of a product available when a demand begins affects pricing. No?