Jim Sinclair Mindset article
KUCH
Posts: 1,186
For those of you who read Mindset by Sinclair, I can't locate a article, I believe from yesterday about Paulson buying residential real estate and gold stocks. If someone remenbers, where can I find it? Truly appreciate the help.
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–John Adams, 1826
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–John Adams, 1826
nternational ownership of U.S. municipal bonds jumped 37 percent in the first half of the year from the end of 2009 to $83 billion, a Sept. 17 Federal Reserve report shows. Spurring the growth are Build America Bonds, created by President Barack Obama’s economic stimulus program to finance public-works projects. More than $140 billion of the debt has been sold in the 17-month-old market. About a quarter may have been bought overseas through June, saidMatt Fabian, an analyst with Concord, Massachusetts-based Municipal Market Advisors Inc.
More road to serfdom. And who will exactly will paying off the bonds. The U.S. Taxpayer.
Box of 20
prices have not deteriorated enough from their highs, maybe because of sustained employment, or even because of no need to leave a home you have defaulted on - as no one dare to kick you out.
short sales sit on the MLS with asking prices that are too high for the area, the residents sit in them (not paying the "rent"), and time just goes on.
until there is a real hit to prices, forget about buying anything in this area.
<< <i>in certain areas of the country, particularly in the northeast, and with respect to that region - I do not agree that the time is right to buy real estate.
prices have not deteriorated enough from their highs, maybe because of sustained employment, or even because of no need to leave a home you have defaulted on - as no one dare to kick you out.
short sales sit on the MLS with asking prices that are too high for the area, the residents sit in them (not paying the "rent"), and time just goes on.
until there is a real hit to prices, forget about buying anything in this area. >>
I read in The Financial Times that the number of US foreclosures predicts another 2 years minimum of bottoming and possibly 10 years to flush out. I can believe that. I remember the CA RE depression in the early nineties. It takes time to settle property.