The Sun Will Continue Rising In The East & Settin’ In The West

Posted @ 8:30 pm - Filed under Check This Out, Sez Me, Weekend Thoughts, Market Correction, Economy

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.

This entry was posted on Sunday, July 13th, 2008 at 8:30 pm and is filed under Check This Out, Sez Me, Weekend Thoughts, Market Correction, Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.