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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 464.71+1.5%4:00 PM EST
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To: gregor_us who wrote (36968)7/12/2008 10:37:06 PM
From: blazenzim  Read Replies (1) of 219769
 
The real estate decline is just getting started. Many places like Seattle, Portland, New York, San Francisco, Idaho, Montana, Texas, North Carolina, New England......have barely declined if at all.

Lending standards have substantially tightened, unemployment is heading to 10% at minimum and cost of basic living is skyrocketing. Most sellers are still holding out for their dream peak prices or have only lowered by token amounts.

I think we've barely gotten through the first 20% of the pain and already the banks are on the verge of collapse, all 3 auto makers are looking at banko, retailers sucking swamp water, casinos getting smashed.....

I love it. My only wish is that this would all proceed a little quicker. I thrive on Mayhem.
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