Housing, economy, yen, WSJ article
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All Comments (451)
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Wall Street Journal: shame on you.
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@smedheat The problem is a lack of production vs spending, unemployment is just the side effect of that problem.
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Don't waste your time getting some credit from some wall street media. But I thank you for saving lots of investors who are taking your advices. In fact, the more the average listen to the wall street media, the more they are screwed so we will suck their wealth in a fair way (no need for bailouts)
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Peter your clients know the truth word of mouth as way more popular than paid commercial advertising.
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To avoid getting affected with economic crisis. One should how about financial management or to get a knowledge about it. This is one video to get essential information about real estate and economic situation.
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Still missing the underlying cause of the housing bubble -- bottom up demand from mass immigration. Interest rate subsidies, tax deductibility, no doc loans simply helped to accomodate immigration policy as a wage control. Both attempts at Comprehensive Immigration Reform included a doubling of legal immigration and millions of guest workers -- what America needs now is lower immigration and the 7 million homes held vacant with TARP funds to be introduced into the rental housing market.
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the problem with the US economy is too much unemployment!
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@Harshjones As am I, and a fan of P. Schiff. My comment was largely a question, which he answered. It's not worth fighting over, so just forget it.
To be more specific, I invested roughly ~$60K following what I thought were Peter Schiff and Marc Faber's better ideas, commodities and precious metals(physical bullion). Then, I hedged against their gloomy portfolio with some dollar based assets(US stocks) in the event they were wrong. So far I have cashed in $36K in precious metals and still have $60-70 value remaining, while I lost the majority of the value in my dollar based Bull market portfolio. I guess Peter Schiff was right..
spacepoliceman420 1 year ago 6
"how can anybody think that the problem with the US economy is: there's too much saving, there's too much investment, and there's not enough spending"
that killed me, I almost fell outta my chair laughing
darkmorg 1 year ago 3