Quote from S2007S:
a housing collapse in my opinion is a big thing to worry about when looking at the overall picture. Where did all those consumers get money to pump into the economy the last 5 years??? From their ATMs....I meant to say houses..
Quote from polpolik:
if it's one thing it's another. I hear a set of different excuses back in 2003. Don't get me wrong, the economy is built on top of a house of cards but don't underestimate the Feds and the US "economy".
Now that the housing market is going down, the consumers got their money from the jobs that were created in the past few years. See, it's a pretty good juggling act.
Quote from Maverick74:
Let me offer you some advice. If you want to do analytical work on the economy, go to school, get an economics degree and become and economist. At least that way you will get paid a decent salary to analyze shit all day and you will get paid either way, right or wrong. But if you want to trade, then trade. Trade the price action. Don't mix the fundamentals with trading. You are going to blow out if you trade like that. Could the housing market collapse? Of course it could. It could happen next year, it could happen 10 years from now. You need to get paid TODAY. That is what a trader does.
On a side note, there are some out there that thing a housing collapse could be bullish. The homeowners are not going to get screwed, the lenders will and they are flush with cash. Meanwhile the homeowner gets to start over. I'm not saying I believe that, I'm just saying there are two sides to every coin.
Quote from myminitrading:
Remember this one, oh my.

Quote from S2007S:
the consumers will get their money from jobs.....hmm, as ARMS start to reset where do you think all their job money goes???
No one saves a dime in the U.S thats why we have a negative savings rate, so when no one is borrowing from thier houses where else will the money come from....
The consumer IS TAPPED OUT....
Quote from optioncoach:
Sorry this is all I remember. You should be banned soon. If Magna does not step up then Baron will have to![]()