Coastal California Real Estate is a good buy right now in my opinion.
Inventories are low. Interest rates are rising. Opportunity cost of moving is really high if you want to stay at the beach. I think prices bottomed last year and are only moving up from here. [url]http://www.southbaydigs.com/market_report.php[/url]
The Riddle of the Resilient Economy Solved
Good post on how private sector is growing while government sector is shrinking. It makes you wonder where all those borrowed trillions went. How is the government ownership of GM, Ally bank, AEG, Freddie and Fanny accounted for? Romney's big problem is how to grow GDP as he shrinks Government. For example, most construction jobs in Southern California right now rely on some sort of government financing. As we withdraw financing which is now crowding out private investment, I think that there will be a time lag before private investment fills the void. [url]http://www.valueplays.net/2012/08/30/the-riddle-of-the-resilient-economy-solved/?[/url]
Federal Reserve has already started QE3?
Federal Reserve has already started QE3, says investor Jim Rogers.
Mr Bernanke said in his annual speech at Jackson Hole on Friday that the country's high level of unemployment. It climbed to 8.3pc in July. Is a [b][u]"grave concern" [/u][/b]and that the [b][u]"economic situation remains far from satisfactory".[/u][/b]
With the eurozone crisis spreading to all corners of the globe, traditional safe havens have come to the fore. The gold price, for instance, traded above $1,900 an ounce last year but is now around $1,689. However, Mr Rogers believe this will start to rise again once governments are forced into restarting stimulus measures.
[b]"Unfortunately, all central banks know to do is to print money. You are going to see more money printing, more debasement of currency and, therefore, the price of gold will go much higher over the course of the decade. The situation with gold is that it has been up 11 years in a row without a down year, which is extremely unusual."[/b]
[url]http://www.telegraph.co.uk/finance/economics/9516957/Federal-Reserve-has-already-started-QE3-says-investor-Jim-Rogers.html[/url]
I guess Rogers didn't get the memo about gold being overpriced, or perhaps the price of a Seersucker suite is going up.
Who to believe?