With the current state of things, the economy looks like a bag of cats that was dropped into the dog pound. Bouncing to-and-fro, where it stops-why no one knows. So who’s at the helm of this behemoth anyway? Who’s calling the shots, because this may be one long protracted recession.
Look at the protocol here; we are in denial that there is a recession, but we have to admit there is, although, if we keep buying like there isn’t a recession then there really isn’t one is there? Well, that’s what I’ve noticed. People are doing pretty good at bucking up. California, I’ve heard claims of Real Estate going 18% in home sales, not going down, going up! Sure, things would go up because the fed kept dropping the interest rates until they realized that too many homes are going for cheap, causing major losses for banks, so, someone looses don’t they? Who? I don’t know, no one has shaken my pockets for their losses, but you can be sure that someone will feel it somewhere.
So now the fed tightens the reigns, They just don’t know what’s going to happen, or do they? Do they have control, or do we just carry a false sense of controlling the beast, but, all the while there really isn’t any true control.
Try being a stock broker in this market. I don’t envy them. There must be a maximum age limit of a stock broker, maybe 60, who knows, all that stress, then, the market soars, then it falls, who gets the blame anyway? It’s a hard life, but they must like it. Adrenaline.
Anyways, then there’s the Real Estate Broker. You know, they say that Real Estate Agents are amongst the most unpopular folks in business, and I’m just quoting statistics, because I have Real Estate Agents and Brokers as friends, and I wouldn’t want them to feel bad because I like them. BUT, they just hauled away a bunch of people that were strafing the system, taking advantage of their clients, what a mess! You’d think that someone would learn that we do put people in jail for stealing, or conniving, or whatever you would prefer to call it, but I’m glad they didn’t get me for foreclosure insurance, Vido comes to your home and says, “I’m gonna have to make you have foreclosure insurance, or I’m gonna kick you outta your home”, and the people, scared to death they are going to loose their home fall prey to the con-artists.
Then there’s Ed McMann. Well, he did spend alot of time showing up to people’s doorstep and giving away alot of money, but, why is it that everyone should make sure his 4 million dollar home doesn’t get foreclosed on? Please, he’s a big boy, and if he couldn’t figure out that at 80 years old he wasn’t going to keep making the payments, then there’s something a little strange going on there. I’m not accusing anyone but who gave him the loan? It wasn’t the person that kept the money going for the sweepstakes, should you give a loan to someone that won’t realize a payoff within their working years? Something happened, maybe he gambled, maybe he lost all his money, but you have to show some major bank to snag a 4 million dollar home, even in the loosey goosey kind of ‘free love’ credit we’ve had in the past.
So what keeps the mortgage companies and credit card companies from loaning money to people with poor credit? Ever think about that?
Somebody says: “whoa horsies, don’t loan anymore money to anybody without a credit score of 640 and above”, then they all stop in their tracks and, like good little soldiers start telling everyone below that line that the credit card companies aren’t interested in them anymore and that they aren’t interested in that 18% interest rate, that will give so many juicy penalties of $25 to $35 a pop, when someone “forgets” to make their payment on time. By the way, Banks make alot of money off of those fees and penalties.
Well folks, that’s probably enough for today. Sorry to get so preachy, but the emperor is going around wearing a thong now, and it’s quite fashionable to watch him do a strip-tease act but it’s not polite to let him know he’s got a mole on his…well, posterior. It’s like telling people to save gasoline and selling them cars that still get only 20 miles per gallon – really folks, who is dumb enough to think that they are really serious about saving gas? If they were we would have prepared for this a long time ago, wouldn’t we?
I would have thought someone beside Al Gore would have stood up and said “HEY! we are runnin’ out of gasoline, you guys need to make cars that get 50 miles to the gallon!” But no one got serious about that, so now we will all suffer. Or, they will go up to Alaska and the newly opened, formerly iced over areas they are currently fighting over, and pump the resadue from the ground, buying us enough time to polute the world enough to melt more ice to find more oil.
You know, I found this good video on the Polar Ice Melt, and if you haven’t seen anything like this before, I’ve seen movies showing glaciers that are now melting that have been there for a very long time, and they never thought this would happen, but it did.
The Polar Grid Project- Ice Sheets Melting faster.
chi machine
