Interest rate and a weak economy continue to be the main factors for Rick
Rick Ackerman is here and chatting about the continued increase in long term interest rates. We then move into the overall weakness in the overall economy and job market.
Click download link to listen on this device: Download Show
DITTO ON RICK’S COMMENT concerning the foot traffic of yester years……………
The world is…FINISHED !!!!!
http://www.youtube.com/watch?v=HqYOkNxQZCs
Soon it will be over. Recovery will not be an option.
HH, I hear KWN is looking for interviews.
Bless You…dear boy..but they couldn’t
pay me enough.
BTW…so bb…when are you going to put
in your notice to Ringling Brothers regarding
retirement.
I think pretty accurate?!
Many people (mostly gold bugs) were calling for the destruction of the U.S.
The real fact that the economy continues to improve. Housing is doing better than most care to admit but major spin jobs come in this department. Because the economy is improving give room for interest rate hikes. Canada is in the opposite position. The U.S. Markets will correct at some point but I don’t think interest rates will be the culprit they should rise very slowly giving a solid base for the US king dollar.
So much for Canada. Forget commodities and gold to boot.
Back to realestate. Something you can depend on over a lifetime and hand down to your kids.
I listened to the gold bugs in the beginning and cost me and many I know a lot of money. I quickly learned and adjusted accordingly. If I run into any of them I will be carring a message from others a I know. Gold is one of the biggest con games around.
Good F thing I kept realestate and a lot of cash.
Depends on what time of the day you are shopping. The Macy’s by me from 5:30pm on it is very crowded. During the day – not so much – perhaps it is because people are at work, instead of shopping for socks?
Bill, even if there is some improvement in the economy, it is nominal (fake) and not nearly enough support even the interest payments on the debt —which continues to rise exponentially.
Like the majority of investors, you are making a big mistake if you think everything is fine just because gold went through a cyclical bear market.
Real estate has been propped-up for generations by socialist policies and you think gold is a con? Funny.
How do you think it will affect market psychology when people realize that when they rushed to lock-in the lowest interest rate, what they really did was lock-in the highest price? Rising rates will not be kind to the debt market that is real estate.
Sorry, but you and your friends lost money because actions were taken without any prior understanding of the risks.
Absolutely Mathew
But it’s better than anywhere else on earth and when crashes happen companies get REAL LEAN and then profit margins are better. That’s the boat their in now. Most companies have learned to do more with less. That’s called a recovery. Just because some live under a bridge now doesn’t mean the economy can’t thump along. Also people are willing to work for a lessor wage.
Massive share buybacks at or near the highs are not a sign of a recovery. Smart money is selling into such moves while the masses are emboldened by them and buying.
Mathew I’d put a little more weight if you carried 200-300 mil through the last 17 years and no losses and 7-20% gains. Can you find me someone? Do you remember what I said to Bobbo Moriarty and his stock crash last Dec and his huge gold rally that commith. HAHAHAHAHA to him. No offence but you weren’t on my conference call with a real manager. I’m here to protect capital make a buck not follow a blind dream that commodities are coming back soon. I like you Mathew CHEERS. Bobs an idiot and I’ve been right as rain.
Done with this blog.
I’ll check back in Dec for fun.
Real estate is a no brainer………..LOCATION, LOCATION, LOCATION. Or PRICE, CONDITION, LOCATION. Price will overcome the other two.
The world is…FINISHED !!!!!
NOTICED I said ……location and condition……….and well price speaks for itself.
Two cent on the dollar after it is all over………….
America will soon be on fire.
Its almost over.
Desolation and annihilation.
I think you are closer to the truth , than most give you credit .
Hope everything is well with you.
Its coming very soon too. Otherwise, its
blasphemy against God. Just like same
sex marriage.
This is why Jesus says, you never listened
and I never knew you.
You listened to your father satan. The prince
of this world.
God has told us whats coming. Few are listening
because they listen to the father satan..this world.
This is not Gods world.
Well I have to agree with you
The major sign we are close to the end is
when the gays receive their Rights.
1948 the year Israel was reborn.
We are about to embark on a time like no
other in history and complete destruction
comes upon the land.
Its here !!!! its time to repent.
The big sign is rejection of God. Apostasy in
the church.
WE ARE DONE !! !! Soon it will be over.
Cory, I left a comment on Ricks thread that has mysteriously vanished as soon as I hit send.
Birdman, I’ve been having the same problems lately. I’ve been copying my message before hitting submit now, so I don’t lose all the info I just got done typing.
I’d rather buy my stuff on Amazon for cheaper prices so that Amazon’s price can keep increasing even though they still don’t turn a profit. Not to mention that most of the malls around Houston (that have a Macy’s) are the places that there are always robberies on the news.
8:13 – First time I heard Big Al use a cuss word
No sh%t !!!!!
The first time, eh? I’m sure Cory is having a laugh at that one! 😮
ditto…….
we love ya ….OWL………..
Corey getting set strait by the OLD timers again. 🙂
Businesses in Calgary were talking about reducing staff should the minimum wage increase.
Of course! Any politician who supports any minimum wage is obviously completely incompetent.
NDPs are near communists and piarasites. They will spent all the money, kill all the business and ruin the population and then leave a big mess. Then they move on to the next victim. Pople will learn in the hard way. If NDP successfully destroy the oil/gas industry the province depends on, it will take long time for us to recover. All my friends are very frastrate with this election result. NDP already talking about borrow a lot of money taking advantage of the good Alberta credit. Raising minimum wage is not as serious as leave a big debt for future. We cannot even recover if we elect a better government.
in the future.
Yes Canada is screwed again. Get your money to the U.S. At least the next 5.
With the danger of stating the obvious – people do most of their shopping on line now.