Looks like someone DID warn about the house market
04-23-2009, 02:41 PM
#22
I never get bored of that chart. 
Talking about Pete Schiff, author of Crash Proof, you gotta take his advice with a grain of salt. He pushes gold because his company sells Perth gold certs. I'm not trying to suggest he doesn't believe in hard assets but it's his dog in the fight and naturally he cheers the home team if I can mix my metaphors.
So, if you believe Petey @ Euro Pacific, you go long gold, silver, copper, oil, Australian, Brazilian, Chinese, Canadian currencies and short the USA. I believe they also like Canadian REITs too.
He's a gloom and doom guy. Kinda like me.
Talking about Pete Schiff, author of Crash Proof, you gotta take his advice with a grain of salt. He pushes gold because his company sells Perth gold certs. I'm not trying to suggest he doesn't believe in hard assets but it's his dog in the fight and naturally he cheers the home team if I can mix my metaphors.
So, if you believe Petey @ Euro Pacific, you go long gold, silver, copper, oil, Australian, Brazilian, Chinese, Canadian currencies and short the USA. I believe they also like Canadian REITs too.
He's a gloom and doom guy. Kinda like me.
04-23-2009, 03:02 PM
#24
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Thread Starter
I think I've made the reference to the stalling airplane like 3 times on this forum....
LET IT CRASH! it's what SHOULD happen. Preventing it is only going to make it Much worse.
LET IT CRASH! it's what SHOULD happen. Preventing it is only going to make it Much worse.
04-23-2009, 04:13 PM
#25
Originally Posted by OverBooster,Apr 23 2009, 01:46 PM
Agreed 
Sitting around and waiting for the absolute bottom is moronic. If you see a great house that is WAAAAAAAY underpriced, you have to snatch it up.
Sitting around and waiting for the absolute bottom is moronic. If you see a great house that is WAAAAAAAY underpriced, you have to snatch it up.
04-23-2009, 04:22 PM
#27
Originally Posted by Brennon,Apr 23 2009, 02:12 PM
It's not that hard to figure out where we're headed.
Historical averages would suggest we're still well above what houses SHOULD be valued at. The measures being put in place are preventing the market from doing what it needs to do (e.g. collapsing).
As far as who has warned us and predicted what has happened and what will happen, I reccomend you youtube Peter Schiff.
Historical averages would suggest we're still well above what houses SHOULD be valued at. The measures being put in place are preventing the market from doing what it needs to do (e.g. collapsing).
As far as who has warned us and predicted what has happened and what will happen, I reccomend you youtube Peter Schiff.
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