Thursday, March 12, 2009
Wednesday, March 11, 2009
HousingFear Quote of the Day.
$75 per sq ft is what Miami condos will soon be worth. We are looking at a period of 5 years (at least) thru which prices will slide and slide and slie. Once the food riots and civil unrest get underway…yes in Miami…you’re are going to see prices come off faster than clothes off a hooker.
-Cockatoo@MiamiCondoInvestments.com
Tuesday, March 10, 2009
Thursday, March 5, 2009
I predicted the DOW was going below 6k back in November...and boy does it feel good to be right.
MY STOCK MARKET PREDICTION I MADE ON NOVEMBER 12th IS ABOUT TO COME TRUE!
It feels good to be right everyone once in a while
Sunday, March 1, 2009
Thought to Ponder
The S&P500 was at 735 in 1996 and is at 735 in 2009. In 2009 a dollar is worth just $0.74 compared to a dollar in 1996. This means in actual buying power, the S&P500 is in reality at 544 today if inflation were not a factor. The S&P500 would need to be at 933 today to be worth the same value as 735 in 1996.
Sunday, February 22, 2009
The Cause of The Second Great Depression
When Historians look back at the Second Great Depression of 2009->2019 they will conclude it was caused by one thing...
BANKS GAVE LOANS TO PEOPLE WITH NO DOWN PAYMENT AND BAD CREDIT, WHO HAD ALREADY PROVEN THEY WOULD NOT PAY BACK DEBT!!!
That is how it all started, the global great depression, civil unrest, and unraveling of the world financial system was all because greedy idiots thought this was a smart idea. Let this always be remembered.
Everyone is Out of Ammo
Has anyone noticed its been impossible to get your hands on AK-47 ammo lately? In fact It seems like handgun ammo is almost all gone also.
Went to Dunhams and they were out of 7.62, Walmart had 1 box of really expensive hunting loads, and all Meijers had was shotgun and .22 ammo.
Even Cheaper than dirt is running low on assault rifle ammo
Either people are afraid that Pelosi and Obama will ban firearms or they are getting ready for all hell to break loose...Both idea's are overwhelming.
Friday, February 20, 2009
Its official, I am using the D-word. We are Now in a Depression.
I have just changed the title page of my blog from Hyperinflationary Recession to Depression.
I have been around long enough to know what a Recession is, and I was feeling that back in 2007. In fact If you read my older posts you will see I was calling this a recession back when everyone said the economy was "strong"
As always, I have proven myself to be one step ahead of the criminal media propaganda, and while they are finally coming around to calling this a recession, we all know the truth, this is far beyond a simple contraction in the economy. This is the great unraveling of the financial system as we know it.
Therefore, On Feb. 20th 2009, I am declaring the USA to be in a Depression, no math formula's, no bogus government unemployment numbers that grossly underestimate the true jobless rates here. No pseudo GDP numbers based on make-believe CPI.
This is the second American Depression.... and its well on its way to being great.
Wednesday, February 18, 2009
Homeowner Stability Initiative
Headlining the plan was a $75 billion Homeowner Stability Initiative, under which would provide incentives to lenders to cut monthly mortgage payments to sustainable levels. It defines this at no more than 31 percent of a homeowners income.
Oh great... this is just wonderful for all of the illegals living in 500k mcmansions.
I could see the call now...
"Whats that pedro? your mortgage is for 500,000 and you only make 8.00 an hour working at Mcdonalds? Ok no problem... We will make your mortgage payment 333.00 a month (31% of your income) Enjoy your house and low payment.
Sounds like a great plan, I want to go out and commit mortgage fraud today!
Monday, February 16, 2009
Sunday, February 15, 2009
Communism comes to America
Thrift regulator urges suspension of foreclosures while Obama develops mortgage aid plans
WASHINGTON (AP) — A federal regulator on Wednesday urged more than 800 thrift institutions to suspend all foreclosures, while president obama's top economic officials develop plans to keep borrowers in their homes. The Obama administration plans to spend $50 billion to combat foreclosures of owner-occupied, middle-class homes, but is divulging few details. An announcement of the administration's housing plans is expected in the coming weeks. Testifying before House lawmakers on Wednesday, Treasury Secretary Timothy Geithner said the government would provide incentives to "try to induce economically sensible restructuring of mortgages," but offered no specifics.Welcome to communist America circa 2009.
The greedy and stupid get rewarded for purchasing homes they could not afford with government subsidized loans reducing interest rates and principal. The government is actually stepping in to the free market and altering private mortgage contracts which it has absolutly no business doing.
Furthermore, this is creating such a moral hazard that the unintended consequences and ramifications of these actions will be long lasting and astounding.
Why will the responsible people, who are now underwater on their homes also, continue to pay their bubble priced mortgages off. Yes, they do have the ability to pay and do have a down payment and credit score on the line unlike the stupid, broke, home debtors getting bailed out but that will not be enough.
A little ding on your credit score is worth it to a lot of people to get lowered principal and a lower interest rate saving them countless thousands of dollars.
Any foreclosure bailout, and sweet deals offered to the deadbeats, will simply cause more people to quit paying to get the same deal. This leads to even more tax payer money going to bail out and modify more loans and an even larger crisis.
Obama sure did give us change...but its not the kind I believe in.
Wednesday, February 11, 2009
Would People Chosen Randomly From Yellow Pages Run the US Economy Better than Congress?
Forty-four percent (44%) voters also think a group of people selected at random from the phone book would do a better job addressing the nation’s problems than the current Congress, but 37% disagree. Twenty percent (20%) are undecided. -Rasmussen Reports
The part that makes me laugh is the 20% who are undecided, LMFAO! That means only 37% of Americans are sure our current congress can do better than a random selection of people.
Monday, February 9, 2009
Sharpen your Pitchforks
Soon the time will come when the slaves stand up to their oppressors and become free.
Soon the time will come when the congress represents the people instead of working against them.
Soon the time will come when hard work is rewarded and laziness is punished.
Soon.... Americans will descend upon washington holding sharpened pitchforks and demanding justice.
Soon that day will come....For now...Sharpen that pitchfork!
Monday, February 2, 2009
Ron Paul Pimp Slaps Pelosi
It is a shame that more people do not listen to this man. How do you expect to solve a recession created by debt by piling on even more debt. Obama is trying to pump a heroin addict up with more a huge dose of heroin to make him feel better. The reality is that withdrawl is painful, but that pain purifies the body and solves the problem of addiction to credit long term.
Tuesday, January 27, 2009
The stupidity of our Elected Leaders
The government is trying to put an end to a recession that was caused by overspending and debt... by spending even more money and creating an even bigger debt!
-HousingFEAR
Tuesday, January 20, 2009
Obama Will Not Save You
We will still be in a recession tommorow.
Your house will still be under water.
Your credit card debt will not be forgivin.
Your 401K will still be down 30-40%.
Your mortgage will not be paid for you.
Obama will not save you. Now let that cruel, cold reality sink in to your thick skull...
...So help you God.
Wednesday, January 14, 2009
Saturday, January 3, 2009
My Predictions for 2009
- The Dow drops to 6,000 at least once this year
- The Unemployment rate in Michigan rises to 15%, breaks 10% nationally
- The US Dollar will be significantly devalued
- Gold will rise above $1200
- Oil will double in price, and be approx 70-80 dollars a barrel due to dollar weakness
- The Real Estate market will continue to plummet in terms of home price index.
- Obama passes a massive stimulus plan sending more rebate checks to everyone.
- I pay off most, if not all of my outstanding consumer debt this year.
- The Dave Ramsey Show ratings go through the roof
- Americans stop spending money they don't have.
My Investment picks for this year are:
OPGSX Currently @$20.00
Bullish on Gold and Metals as hedge against Inflation
RERCX Currently @ $28.20
Bullish on Asian Currency compared to USD
DNLAX Currently @ $17.20
Bullish on Oil
As far as ETF's I like the following:
USO Currently @ $35.63
Oil is going to go up this year due to devalued US Dollar
UDN Currently @$24.98
Dollar is going down due to Bernanke and Obama's printing press
GLD Currently @$86.23
Gold to da moon alice
Disclaimer: All investments have risk, these are only my opinions and I accept no responsibility for any money you may lose following my advice, likewise I expect no compensation for any money you may gain following my advice.
