Do you expect a double dip

[Ivanovich]

Quote from GG1972:

We wont get a double dip cause of simple reason that it was all dumping by a lot of big hedge funds that really drove prices down. Unless we get into similar situation (which will take a long time10-15 years) we wont go down like we did earlier.

LOL! You're in dreamland if you think the market can continue going up like this with no ramification down the line.

 

[Clubber Lang]

Quote from der_kommissar:

Quoting a bunch of twisted and massaged government numbers does nothing to prove as fact any sort of recovery. I saw a response above quoting census workers and then extrapolating that as job growth. He must work as one of Obama's economic advisors, give me a f'n break..

+1 Good post d_k

The governement never admitted we were in a recession until the market dropped 5000 points. The whole way down, Paulson & Bernanke & co. were all saying everything was fine.

Lies on the way down, lies on the way up.

 

[morganist]

the mortgage reset will start a second crash.

 

[lasner]

What's happens when we see 8% mortgage rates? What will happen to real estate and the economy then.

 

[lasner]

I give up we're fucked. I'm cashing my dollars into pesos getting a really dark tan and moving to Mexico

 

[okashiyo]

Quote from lasner:

What's happens when we see 8% mortgage rates? What will happen to real estate and the economy then.

Right. Go to youtube and see the interview Robert Shiller gave on March 30th about the real estate market. When the government exits from the incentives, raises rates, and property values continue a slow decline, we're in for another layer. I would hope and imagine not as bad from the first one. But given how high stocks are at the moment, it's clearly not smooth sailing ahead.