Housing Market – Interest Rates – Economy
Housing Market – Interest Rates – Economy
Peter Schiff’s views on the current state of the economy.
The U.S. dollar has lost significant value over the past decade.
Operation Twist – Good For Home Mortgages – Bad For Economy
The Feds Operation Twist could spur home mortgage refinancing but, will be bad for small business and banks. Could this be the corner-stone for a new bank bail-out?
Economy, Inflation, Gold, Economic Growth
The rising prices in the economy aren’t transitory. The best evidence of this is the fact that Ben Bernanke believes that it is. Anything that he says is wrong. Economic activity is contracting, especially in terms of gold and silver. It is only all the inflation that is giving the illusion of economic growth. The dollar will most certainly collapse, perhaps as early as this fall.
Look at the fundamentals, the reason gold is rising in price is because of the weakness in the dollar, and its steady decline in value, this will continue until there is a end to the expansion of the USD moneys supply.
Crystalline gold
The Next Bubble?
economic bubble
Our most recent economic bubble was the housing market and we all know how that ended. Keep in mind, during the frenzy anyone who raised any red flags was immediately labeled a bubble head. When the music is playing very few plan for what will happen when the song ends.
Right now our loose monetary policy is playing another enticing song. The loose monetary policies from governments across the world have flooded the markets with capital and it seems just about everything has soaked it up. The S&P is approximately 40% more expensive in relation to earnings than its long term average. Oil is trading at a 15 month high. Metals have had an outstanding year: silver gained 49%, palladium gained 117% and copper gained close to 140%.
It just may be prudent to plan for now for the consequences of our abundant loose money policy to avoid getting caught with your pants down again.
San Diego California real estate
Many Homeowners Put Home Remodeling Plans on Hold
home remodeling
Economic uncertainty is prompting some homeowners to put their home remodeling plans on hold, according to a study by online publisher Remodelormove.com. Homeowners who have declining home equity or who are living in lower-value homes are postponing remodeling projects, while those with more financial resources are moving ahead with them.
Although 84 percent of homeowners said the nation’s economic woes are affecting their remodeling plans, 81 percent said they plan to go ahead with the upgrades. Nearly two-thirds (65 percent) expect to do some of the work themselves in an effort to keep costs down. San Diego events
Economy – Fed Head Sees Significant Long-Term Threat
www.brokerforyou.com
Today, Federal Reserve Chairman Ben Bernanke said, in part, that rising deficits posed a significant long-term threat. Bernanke said: “Maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance. Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth.”
If the United States is unable to control its long-term deficits, it could weaken the dollar and drive up inflation, hurting the value of those dollar-denominated assets. Bernanke also said: “We now are on a process of slow and gradual repair, both in the financial system and the economy. We averted, I think, a very, very serious calamity. As a consequence, inflation is likely to move down some over the next year relative to its pace in 2008. That said, improving economic conditions and stable inflation expectations should limit further declines in inflation.”