house traders catching a falling knife

Discussion in 'Economics' started by KINGOFSHORTS, Sep 13, 2010.

  1. The problem is tooooooo many people decided to trade housing like it was soybean futures at CBOT instead of buying a home for the purpose of shelter.

    It is one thing to buy a home because you want a yard, like the neighborhood etc.. and thats what buying a home should be all about. But somehow the whole thing was perverted.

    And of course millions of Americans blew out thier highly leveraged positions almost taking down the entire financial system.

    Of course the financial system is running on vapors only because the whitehouse working with the Federal reserver are trying to keep the asset prices artificially elevated.


    Right now a big trap is being set up. When interest rates go back to 1980s double digits you see housing prices collapse further.
     
    #21     Sep 19, 2010
  2. +1
     
    #22     Sep 19, 2010