BB Housing may no longer be viewed as a secure investment [Realty] - MarketTicker Forums


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User Info	BB Housing may no longer be viewed as a secure investment in forum [Realty]
Kel Posts: 963 Incept: 2008-03-21	You just can't make this stuff up http://www.zerohedge.com/news/ben-bernan.... http://www.psychopathiceconomics.com/Dav.... Last modified: 2012-02-10 20:56:40 by kel 2012-02-10 20:52:36 Permalink
Lemonaid Posts: 9881 Incept: 2008-01-20 Metro Detroit	It would only be more sociopathic if Greenspan said it. ---------- "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises Last modified: 2012-02-10 20:57:47 by lemonaid 2012-02-10 20:57:26 From PDA Permalink
Kel Posts: 963 Incept: 2008-03-21	At least Greenie would have said it more poetically.....lol 2012-02-10 21:25:05 Permalink
Kel Posts: 963 Incept: 2008-03-21	the speech http://www.federalreserve.gov/newsevents.... 2012-02-10 23:13:21 Permalink
Uwe Posts: 6456 Incept: 2009-01-03 19446 Online	TheBernank wrote.. Nationally, house prices have plunged about 30 percent in nominal terms from their peak and nearly 40 percent in real, or inflation-adjusted, terms. Stable prices, eh? -Uwe- ---------- “Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke 2012-02-11 10:24:57 Permalink
Mayorquimby Posts: 13909 Incept: 2008-09-18 The Archaic Past	I think the Bernank means housing is 'currently' not seen as a secure investment by the sheeple which is the problem. ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-02-11 10:30:30 Permalink
Kel Posts: 963 Incept: 2008-03-21	I think the bernank couldn't care less what the sheeple think, I think BB is worried that homes are no longer a secure investment for banks to collateralize loans against. Or, maybe all of the above :) Bernanke has spent trillions of dollars (that we will have to pay off in taxes)to help save the BIG banks and has NOT spent one thin dime to help save the sheeple. 2012-02-11 10:48:18 Permalink
Mayorquimby Posts: 13909 Incept: 2008-09-18 The Archaic Past	He definitely does not care - but he's not giving us investment advice in this particular instance. ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-02-11 10:53:08 Permalink