I think it’s time to turn off Jim Kramer, MSNBC, and Fox Bulls and Bears. After 2 years of economics in college, and some leisurely reading over the past 10 years; I’m pretty certain I have a better understanding of Macroeconomics than these guys.
The housing market is bottoming in 2007. Low interest rates and low unemployment will mean a turn around in housing. The only problem is excess inventories. The low savings rate in the US is not a problem, net worth’s are higher than ever.
HOGWASH! How do you think the boys at Fox Bulls and Bears would feel if they aired this show again right about now. Peter Schiff would be vindicated. Four guys tried to make him look like a fool and now those four guys are playing the part quite well. Keep listening to the talking heads- no really.
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check out this clip from two weeks later, it’s even better.
http://www.youtube.com/watch?v=yoZV5jt9puc