The Folly of the So-Called Real Estate Recovery

There will be no true recovery of the housing market until:

Step 1. People realize a home is not an asset. An asset generates income whether you work or not. A home does not create current income.
Step 2. Home prices adjust to an equivalent historical rent level. The house price to rent ratios are still adjusting.

Tags: 4 steps, housing, market, Real Estate
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Steps to Keep Kicking the Can Down the Road

Avoid the full pain today for more pain down the road:

1. Keep borrowing from China.
2. Print money.
3. Bail out unsuccessful companies for votes.

Tags: kicking the can down the road, medicaid, medicare, social security
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Steps to Killing Entrepreneurship and America

The politicians have forgotten who they represent and are destroying America by the following steps:

1. 1. Crackpot economics - No sound business would ever exist running up huge amounts of debt and deficits.




Friday, November 20th, 2009

Tags: bailout, China, healthcare, India, pork barrel
Posted in Economy, Money | No Comments »