I’m gonna let this one speak for itself pretty much. Real estate investors might relate it to having confidence in your research. If ya know what ya know — act on it. Anyhoo, enjoy. I sure did.
And yes, it is a true story. That’s what makes it so cool. Ya can’t make this stuff up.
This is yet another recession predicted for nearly a year that hasn’t materialized. MSM (mainstream media) is desperate to create the perception if they can’t report the reality. This time they’ve even gone as far as using the ‘D’ word, depression. ‘Course they’ve backed of that bit of unintentional comedy, as in the six months or so since they first used it, they can’t even coax a recession to appear.
Does this mean there won’t be one? Hardly. But I’d ask you to consider a couple facts.
1. Recessions can be pinpointed as to their beginning and end only through the rearview mirror. Time passes and we’re able to look at the numbers which indicate a recession has begun — or in the case of the last seven years or so — hasn’t begun.
2. Recessions are like pregnancy, at least in concept. You are either in a recession or you are not. Ever met a woman who was kinda sorta pregnant? Me neither.
But enough. The point is simple: The reality of a recession’s existence isn’t open to debate. It has a finite, and long accepted definition which ain’t rocket science, regardless of what MSM would have readers believe. Simply put: Two consecutive quarters of negative GDP growth. When that happens a recession exists. If it ever happens this year or next, you’ll know. The headlines in the MSM will probably be in four inch tall, bolded fonts. Read the rest of this entry »
Been sayin’ this since forever — or at least since this market correction got underway. Ben Bernanke, our Fed Chairman, is real estate’s best friend in the world. Really? Yeah, no kiddin’. He’s maybe the reigning living expert on the Great Depression and it’s causes. And what, pray tell, does he believe was the first domino that was tipped over, triggering the crash of ‘29 and the beginning of the Great Depression?
The collapse of the real estate market in 1927.
He’s written a book on it for Heaven’s sake. So when he opened the New York Federal Reserve Bank to Fannie and Freddie today, it was no surprise whatsoever to those who know his background. Monday morning the two giants of the secondary market will be able to belly up to the cash window if the feel the need — at 2.25%.
Once the European ‘Head Dude’ pulls his head out, setting his ginormous ego aside, things will begin to revert to normal a whole lot mo fasta.
BawldGuy Disclosure: The above opinion combined with my heavily armed Starbucks card, will get us coffee and cookies pretty much any afternoon.
Meanwhile, back at BawldGuy Ranch, it’s time for a kinda sorta on-topic video. This one thanks to Misty Kahn of Arrow Tips. Thanks Misty.
The sun keeps doin’ its thing — and will, regardless of anything the media says. 
Like the guy said, ‘What’a'ya frettin’ fer? It’s always darkest just before the boogie man shows up.”
Au contraire.
BawldGuy Axiom: It’s always darkest just before you stub the crap outa your toe.
No? Just like the movie recently spoiled on these pages, the biggest baddest boogie man ain’t gonna show up. He lives in our minds, put their by those selling nothin’ but crappola endings. I’m here to tell ya — ya don’t hafta believe the fertilizer they’re spreadin’ on all of our lawns. Instead of hangin’ our heads, let’s spread it around evenly and water it. ‘Fore we know it, we’ll all have the greenest lawns around.
Here’s a relatively little know version of Bobby Hebb’s Sunny — by Marvin Gaye. Enjoy your weekend.
While the movie plays out it’s last reel, which just started, by the way, let’s review the day’s goings on.
Fannie Mae and Freddie Mac are in a little trouble. More than a little actually, but not nearly as much as the mainstream media would have us believe, nor the powers that be for that matter. Not up to going through all the hoops on this, especially on Friday night. I’m sure you care almost as much as I.
As a nation we’re airing out all our troubles in public. It’s what we do. If there are any wrong doers, they’ll be dealt with. Frankly, I don’t think there are, unless there’s a new federal law — Felony Stoopid. Heck, we’d all be behind bars at one time or another if that was a crime.
Anyway, since it’s Friday, let’s see if we can’t find a video apropos to this past several days. Hey, I know one. Right on topic, what with the media airing all our dirty laundry — dirty or not. You know, kickin’ anyone and everyone, especially when they’re down. The sound doesn’t come on ’till about 10 seconds or so after video begins. Just so ya know. Oh — just for chuckles, pay attention to whom they dedicate the song.