Jan 28 2008
What Caused the Housing Crash? Two Words: Crushing Debt.
Many of you had the chance to catch a glimpse of the 60 Minutes episode this past weekend called, House of Cards. In a nutshell, what has occurred with the housing market is a glorified Ponzi Scheme. The housing market was fueled and pumped by perpetual housing speculation motion. That is, the [...]
Jan 23 2008
A Housing Led Recession. Four Key Indicators Showing that this Recession will be Led by Housing.
With the emergency rate cut by the Federal Reserve, it is not a question about going into a recession but how deep of a recession it will be. The markets have not bounced aside from a few sectors including those bottom fishing in the financial sectors thinking a bail out is in the works [...]
