Global Economy: No Bail Out For US
From Flecks Latest... Folks here who believe in Goldilocks
have tried to convince themselves that while the U.S. may suffer some sort of drive-by recession, the rest of the world will somehow be immune.
Eli Broad, the founder of KB Home said the economy is in all likelihood going to suffer the worst recession of the post-World War II era.
"I think housing is going to continue to have a corrosive effect on consumer psychology and the economy in general
to a far greater extent than people think, or even far greater than I thought about a month or two ago".
Broad also believes investors would be better off holding cash than trying to buy stocks.
Recently, behind the scenes, many parts of the credit/mortgage market were "offered only," with no buyers in sight for troubled loans.
My friend said the problem had nothing to do with the end of the month or the end of the quarter.
Instead, he believed it had to do with the enormous amount of inventory that would be looking for a home in the next quarter.
have tried to convince themselves that while the U.S. may suffer some sort of drive-by recession, the rest of the world will somehow be immune.
Eli Broad, the founder of KB Home said the economy is in all likelihood going to suffer the worst recession of the post-World War II era.
"I think housing is going to continue to have a corrosive effect on consumer psychology and the economy in general
to a far greater extent than people think, or even far greater than I thought about a month or two ago".
Broad also believes investors would be better off holding cash than trying to buy stocks.
Recently, behind the scenes, many parts of the credit/mortgage market were "offered only," with no buyers in sight for troubled loans.
My friend said the problem had nothing to do with the end of the month or the end of the quarter.
Instead, he believed it had to do with the enormous amount of inventory that would be looking for a home in the next quarter.
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