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Post by kathaksung on Mar 18, 2006 19:53:31 GMT -6
180. Beware of housing bubble (11/16/03)
I originally plan to talk about this topic later. It's a long story how I found they manipulate housing market. But now it seems I might be eliminated by them anytime, so I omit the long story and remind people that anytime soon there will be a broken housing bubble, and a staggering economy following it.
I talked about they emptied the community and moved in their own people. The advantage is obvious: 1. Easy to monitor. They can watch in all angles and direction. And shoot EM wave at any convenient place. 2. In a framed case, the witness are all theirs. Such like in DC sniper case. 3. Easy to use EM wave. Either it is a ray or a field, EM wave is easy to penetrate a house wall. Only metal may stop it. That's why they clear the area and clear the children. To block the possible leaking of microwave ray, my neighbor parked their car in lane and on street, day and night. Like they don't have to go to work. Or this residence area is their work place.
People may have the question how they can buy so much houses? Because they treat it as a business. They make big money in manipulating house market. I have done such an estimation: If they bought a house in 1997 in my community which costed 200K, with down payment of 20K, and about 20K each year of payment and tax, if they sold it right now at market price of 380K their expense is 140K, they can make 40K profit from it. (1997 is the year they started to buy in real estates, 1999 is the year they push up the house price.) This is the case in my community when they can't use the house in other purpose. In other area, as an investment, they can rent the house off to offset the expense. So in same case, with 20K investment, deducted from profit of 180K, they have a net gain of 160K.
Why they can do it? They control politicians and big cooperations. They control Federal Reserve. They can demand a policy benefit to their business. That's why the federal interest is staying at 1% for such a long time. Because Feds has a lot of real estate property, their payments depend on interest rate. And that's why in an economic downturn, when stock market went to bear market, and government deficit go to a history high, and with high unemployment rate, there still is a rising house market.
Recently they have gradually sold out their real estates at a good price and reap a high profit. But not in my area. Because my case isn't finished. There are hundreds of such houses. (don't know how many they have in other area) The economic situation doesn't allow the interest rate to stay in such low. That may be one of the reasons they hurried to an aggressive persecution on me. When I was eliminated, they could sell these houses within one month or so, then I foresee there is an uprising of Federal interest and mortgage interest as well as a collapsing house market. There will be an economic downturn then.
Beware of a broken housing bubble.
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Post by unlawflcombatnt on Mar 21, 2006 0:39:35 GMT -6
I think the housing bubble is bursting already. Inventories are rapidly increasing in all major U.S. markets, and sales are rapidly declining. Price information, which usually comes from asking prices, has not demonstrated a major decline, with the exception of Southern California, where all areas are showing prices that were less than 6 months ago.
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Post by kathaksung on Mar 23, 2006 10:12:50 GMT -6
The house price is levelling off. But the bubble hasn't broken off. Because the Feds still hold a lot of real estates property. Unless they sold most of the houses in their hands, the big downturn won't happen.
184. Jobless recovery (12/1/83)
Bush is a favorite of inside group. They want him to stay for the 2nd term. But he did nothing good. So the only way inside group can do is to give him a prosperous economy. That's why media beat the drum to propaganda the economy is recovering "Growth is now super-super strong compared to super strong,'', "U.S. 3rd-Qtr GDP Grew at 8.2% Rate, Fastest Since '84". Do you feel this super-super strong recovery? Pay-check raised? Employment fully? Or only impression from media?
A fully recovery means high employment, rising income. Company must expand their business. All these need capital, will cause a rising interest in financial market. But FBI is holding a large amount of real estate property. Any interest rising will increase their monthly payment to the loan, and will also cause a housing market price collapse. Nothing can hurt Feds' interest. So Federal interest maintains at 1%. And Bush administration can only invent a new word," jobless recovery". But jobless recovery can't cheat people. That's why I am persecuted so violently.
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Post by kathaksung on Apr 3, 2006 12:17:48 GMT -6
213. Heated housing market and heated persecution (3/14/04)
I posted message on 3/9 to reveal a series trap. Next day, my wife was invited to a dinner party held by an air liner company. In a prize drawing, she got a free air ticket to Asio effective within a year. My wife has attended such kind of party almost every year. She never had the luck to draw a prize. This is the only one.
I think it's a show off by Feds. That they can arrange case anytime. (A trip is often an important part in a framed case. And the bait I knew they used were: relative's invitation; lucrative business chance; bargain deal; this time is a free ticket.) But the ticket doesn't mean an immediate trip. So I expect there will be other traps coming.
I learned it from Mercury News on same day (3/4) when they issue the intimidation news. The first title on first page was: "Area home sales blooming". It said, "One prospective buyer had 10 competitors for a condo in San Jose's Willow Glen neighborhood priced at $489,000. He offered $530,000 but didn't get the home.....". It's a signal that Feds is heating the house market to sell their real estates property. The competitors, I think, mostly are support group of Feds used to push up a market. Because only in a rising market, Feds can sell their houses quickly at a good price.
Nobody has such ability to manipulate a house market like Feds. From Federal Reserve to fix a low interest rate to the people who pretended to be house buyers. Only Feds has such resource.
One way they used to push the house market is to raise the fuel price, I allege. Because the high cost of housing, many people have to find the house in nearby area. They drive about 50 to 70 miles or so each day to work in silicon valley. The high gas price will force this group of people back to Valley market.
Despite the downturn of Silicon Valley economy after outbreak of dot com bubble in 2000, the housing market is steadily going an up way. What is the relationship of this blooming market reported on 3/4 to the other recent economy reports? Re: "Valley job scene still the pits", "Jobs lost since the height of the boom in December 2000: 232,500, or 21.7% of the total." (2/28/04, S.J.M.N.) "Car, truck sales fall 12.2% in valley", "The decline in new-vehicle purchases reflected a 'challenging year' for the South Bay economy. Statewide, sales fell 5 percent." (3/3/04, S.J.M.N.).
As I said in message "180. Beware of housing bubble" and "184. Jobless recovery (12/1)", an economy recovery is needed for Bush's second term. They planned this a year ago. Tax cut, weak dollar, all targets to increase demand, expand production and employment. But the result will boost the interest rate which will hurt D.o.J.(FBI and DEA) whom had invested a lot in real estate properties started with my case. Feds check up that recovery so far. But the pressure is heavy. I feel the heat of persecution when I read the news of a bloom area house market. Week ends used to be the time I went out shopping. Yesterday(Saturday, 3/13) afternoon, I was blocked again by slow procession which at last forced me giving up the surfing. I think it was an effort to force me out to shopping. What was there outside waited for me? I don't know. Probably violence in rogue's way because they are in a hurry.
I'll try my best to keep up a message each five days in my home page. I may slow down to post in other individual forum site due to heavy harassment.
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Post by kathaksung on Apr 13, 2006 19:12:37 GMT -6
221. Things sensitive, follow up (4/14)
4. Hurry to sell real estate property
Feds are hurry up to finish my case in a rogues way. Because they have to open the employment gate for Bush's election within months. Which will cause the rising of interest rate and the break up of housing bubble. They are pushing to sell their houses invested in my case. They might have sold already most of houses they had in other areas. But they still hold a lot around my area because my case isn't finished. How can they sell so many houses quickly in a short period? Only six months left for president election.
After the article "Housing: Bay area bidding war returns"(3/4, S.J.M.N.), "Homes, realty sales surge 30%"(3/19, S.J.M.N), there was an article aimed at a quick sale on 4/11: "The symptoms of home fever. "
It said, "As offers pour in, cutthroat market a boon for sellers". It gave "Advice for home buyers" that " ** Get pre-approved - not just pre- qualified for a mortgage before you want to make an offer on a home. ** Work with a real estate agent who has successfully guided many clients through multiple-offer situations. ** Request that your agent present your offer in person to the seller and his agent. ** Include an "earnest money" deposit of at least 3 percent of the purchase price when you present your offer. ** If a seller makes a counteroffer on price or terms, be prepared to respond quickly......."
That's how Feds to manipulate a house market. They flame buyers by media, by "competitor buyers", by "real estate agents". This time it's urgent, so they push for a quick sale before interest rate rising. They advice you get everything ready, so when a deal is offered, little time to take a sensible consideration, no chance of regret, because you put the "earnest money" on it already, or even make decision for you because you've authorized the real estate agent represent for you in person already.
Why I say push "by real estate agent"? I think many real estate agents work for Feds. Because housing is a very important way for Feds to loot money. They develope it to their main business. The profit is huge.
The man who lives in B house is a real estate agent, I think. Only in my block, he has at least two properties. Once I saw he had two real estate shelf boards in his backyard, (the shelf used to hang "house for sale"). That "for sale" board later appeared in next lane, before the house of alleged "Feds head-quarter" I talked about in "133. Strong reaction ". It was a cover up sale after I revealed that house was a head office of Feds. And if that house belongs to the owner of B house, then he has at least 3 properties in my block. If people had that man as their real estate agent, he works for whose interest? Customer's or Feds'?
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Post by kathaksung on Apr 23, 2006 11:28:36 GMT -6
251. Mortgage rate and September plot (8/29)
In message "245. Framed case and "terror attack" (8/4)" I talked about Bush passed a signal to China that US was ready for another framed case on 7/30, and Ridge raised alarm code in some financial area to orange colour on 8/1. I pointed out it was an intimidation from D.O.J. to financial group not to raise interest rate too quick because Feds have a large investment in real estates.
I think my revelation was very accurate. We can see since then there was a confusion. Feds hurried throwing out a case that they arrested an Al Qaida man in Pakistan. In his computer they found the chart of those financial buildings. Feds justified the terror warning by this information. And then the information was revealed being four years old; and then the news said information was renewed half year ago; and then we knew the arrested Al Qaida computer expert was an informant.Informant? So Feds could explain in the way whatever they wanted to.
But as I said in message on 8/4, "It was probably an intimidation: "Don't raise interest rate too quick.We have big interest in housing market." Although Federal Reserve still raised the benchmark interest rate a quarter point on 8/10, the interest of Bonds went in opposite direction: downwards. Because it is linked to home mortgage rate.
In a report on 8/21, World Journal said, "Despite the Federal Reserve Bank has raised the interest rate, the rate of home mortgage loan, instead, is sliding downwards. In July, the interest rate of 30 years' fixed mortgage loan was between 6.21% to 5.98%. But this week, it descends to 5.81%."
The conflict way of rising prime rate vs dropping home loan rate proves what I said is right. The terror bombing intimidation works. The financial group who controls market, have to give way to the interest of Feds. Which creates a strange phenomenon: The rate of home loans drops while the main interest rate is rising.
Then what happens to 9/21, the next date when Federal Reserve will have another meeting and likely to raise the benchmark rate another quarter of point? The contradictory mortgage rate can't maintain too long.
As usual, Feds frame new drug cases and arrange parties. It almost becomes routine for them recently. One is on 9/2, my father's birthday. The other one is Dr. Wang's wife's birthday. ( I had spelled Dr. Wang as Dr. Huang in message 241, 242. I only knew his legal name should be Wang when I saw his invitation note a few days ago.) Feds make it a big one. My wife has booked hotel rooms for Dr. Wang's relatives from Singapore for the party. Feds tries to net as many people as possible.
It's convenient to frame a drug case. Secret police are skilled for it. China and US has practised for years. Singapore and Philippines are the new partners.
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Post by kathaksung on May 1, 2006 19:20:30 GMT -6
272. Federal fund rate (12/4/04)
I started to post in Internet in September 2000. Frightened by my revelation, D.O.J. determined to eliminate me and the people who knew the story. On 11/12/ 2000, article "Killing Pablo" in Mercury News was an announcement that Feds had planned a mass killing in the name of a "drug case". (see "62. Plot") Chinese secret police was bribed to frame the "drug case". We saw all these in the incident of collision of EP-3 spy plane in HaiNan, China in April 2001, and ended at 6/11/01 when McVeigh was executed. For that framed case, both directors of FBI and DEA resigned. (see messages 61, 62, 63, 64) Since then, the attempt to frame a case on me had never stopped. But the first decision was made in November, 2000.
In my case Feds emptied my community. They also started to buy in a lot of real estate property since 1997. The buy in movement continued until 2000. When they built up a case, they built up a business opportunity for themselves as well. In the end of 2000, D.O.J. determined to finish the case by a big plot. Of course, they needed to sell out the houses held in their hand.
Then we saw there was a steep decline of Federal fund rate in 2001. Started from January that year, there were 11 rate cut, almost once each month. At the end of 2001, Federal fund rate dropped to well under 2% from 6% when the year began. It later touched the bottom of 1% and stayed there until mid 2004. The 30 year fixed mortgage rate followed the Federal rate dropping to the low point of 5.3%. Which created a booming housing market. Federal Reserve did good to co-operate with D.O.J..
Generally, it was easy for Feds to murder a target. "So what, they even killed President Kennedy." But things went beyond all expectations. The plots failed one after another with my revelation. And Federal Reserve had to maintain that historical low rate for nearly three years to the demand of D.O.J. that at any time when Feds finished the case, they could sold all their property quickly at a high profit margin.
How absurd that rate was? In article "Rate hikes likely to continue" (S.J.M.N. 11/11/04), it said, 'By historical standards, interest rates are still far below normal levels. After adjusting for inflation, the "real" federal funds rate is barely equal to zero after being solidly negative for the past two years. On average, the federal funds rate has been about three percentage points above the rate of inflation.
Many analysts have said they think a "normal" or "neutral" rate under today's circumstances would be about 4 percent." It is 2% right now.
The negative Federal fund rate created two bubbles in stock market and housing market. Which is under a big consumer credit bubble. I can foresee there is a dark future of US economy.
The low interest rate also makes US bond lose attraction to foreign investors. Dollar devalue rapidly recently. An inflation is coming. To raise interest rate to the normal is unavoidable. D.O.J. has successfully blocked this tendency for years. In August it even intimidated the financial group by terror bombing alert. (see "251. Mortgage rate and September plot (8/29)") The terror blackmail works. The 30 years fixed mortgage rate in July was 6.2% while the Federal fund rate was 1.25%. After August terror intimidation, though Federal reserve still raised the bench mark rate three times to 2%, the 30 year fixed mortgage rate dropped back to its low point at 5.32% on 11/20.
But when people of the world started to abandon US dollars, D.O.J. may not resist it any more. That's why I saw Bush called Chinese President on 11/8, six days after his re-election. A new plot has been planned. They are in a hurry.
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Post by kathaksung on May 13, 2006 15:51:13 GMT -6
278. The start of nightmare (12/24)
In first years when I was in America, I rented a bedroom. I think I was a good tenant. I took some course in local community college in the morning. In the afternoon I had a swing shift job until midnight. On week-ends I did some business in Flea-market. Seven days a week, I seldom stayed at the house.
Probably seeing that I only took a sleep at night, the landlord suggested me to move to the garage so he could rent my bedroom off to someone else.
Though I was not an overcritical man, I was unhappy. The condition of a garage was too far away from a bedroom. The landlord's suggestion motivated me to have a house of my own. I started to look for a house.
My supervisor had just bought a house. When he knew about my bedroom story, he introduced his real-estate agent to me. After several round of trips to watch the house, I finally settled on the house which I live now.
That was the start of my America nightmare.
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Post by Kat Sung on May 21, 2006 16:58:31 GMT -6
279. Buy house (12/29)
It was a four bedroom house emptied already. It looks like a duplex because two identical houses share one wall. But actually it was a townhouse because the garage attached to another neighbor. The price was 93,000. It was a bargain so I decided to buy it right away. The R.E. agent (real estate agent) told me the house was on process of pending sale. A buyer before me was waiting for the approving of a loan. If he failed to get a loan, then it was my turn. I was surprise how could she introduce me a house which was on a pending sale. She told me, "Don't worry. That buyer won't get the loan. The buyers before him failed too." I wondered how she was so sure about it.
On 11/16/1984, instructed by R.E. agent, I wrote the agreement of purchase and sell. The main point were: 1. Buyer put 20k down payment. 2. Buyer to assume the existing 30k VA loan. 3. 40k new conventional second loan. Seller to credit 2,000 for buyer's closing cost. Thus I learned there was an "assumable loan" which could be transfered from sellers to buyers without any checks and examination from bank. The 2,000 credit offer was due to the seller was motivated to settle the deal. It was used to cover up the loan cost of buyer. It was probably demanded by former buyers. I took over the advantage.
In early December 1984, R.E. agent informed me the former buyer failed to get loan on time. It was my turn. On 12/11, I got the offer from seller. Next day I wrote a counter offer in which I proposed to put 60k down payment. The seller, instead to pay 2,000 in closing cost, to cut the price of house to 91,000.
Since that 2,000 amount was planned to pay in advance and the seller would lose nothing, she quickly accepted my counter offer.
What made me write the counter offer? Unemployment. The company I worked for was suddenly shut down. I would lose job. It was impossible for an unemployed to apply for a second loan from the bank. How I solved the problem? I turned on to my relatives.
It was Chinese tradition to help each other among family members. I called relatives, no one refused to help. From several thousand to tens of thousand, I quickly got enough money to cover up the second loan amount. One month later, I became a home-owner.
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Post by kathaksung on Jun 2, 2006 19:31:11 GMT -6
280. Company shut down (1/4/05)
The company I worked for was Shugart Corp. It was named by its Creator's name - Shugart. The product of the company was hard disc drive. Shugart then sold his company and created another one - Seagate. (which is a popular technical company right now) However, the company still used its original name. Manager said Shugart Corp. had about two thousand employers. Its customers were big firms such like IBM, Wang Lab..... I worked in Shugart for more then two years until I bought the house.
In late 84, in a meeting manager said the business was not good so there might be some lay-off. He joked with us that, "Don't buy a new car. Don't buy a house." I felt that was pointing at me because I was buying a house then. In November and December when I was busy preparing to write the offer to purchase the house, the news of possible lay-off became the shut down of company. Every one had to go. Smile lost from manager's face. I still remembered my supervisor banged the desk with his fist, "Damn it, I just bought the house." People started to look for new job. They left one after another.
In newspaper I learned that many people got their pink slip in one day's notice. I had plenty of time for the psychological impact of unemployment. The day I left Shugart was 2/15/1985. One month after I bought the house. (1/15/85) I knew I would lose my job when I wrote the offer. What made me to buy house even if I knew I would be unemployed?
It was the incredible low price of the house. I have had a calculation. The mortgage payment of the 30k assumable loan was 360 dollars each month.(impounds included) Compare with the rent (250) I paid at that time it was only 110 extra. When I bought the house, I reserved one for myself. I could rent off the other bedrooms. In worst condition, the rent income would cover up the house expense. So even I had no job, I didn't worry about losing the house. My economic condition would be better if I bought. it. So what left was that private debt. I could concentrate to work to pay it off.
How low was the price? At that time, a 3 bedroom single house was about 130k. A house identical to mine was about 110k. That was the house next to me.
When R.E.agent showed me the house for the first time, she said, "Your neighbor is your supervisor." It seemed the two attached houses were on market about the same time. My supervisor bought the house just several months ago. The house next to him was on pending sale for several months. When we became neighbor, he told me he paid 110k and something for his house. He was surprised that the same house I paid was only 91k. "Why you had such a low price?"
I didn't seriously consider that question. I thought it was a coincidence that two neighbor houses were on market at same time. I thought it was a coincidence that lay off synchronized with the purchase of a house. I didn't ask why my house was almost 20% below an identical one at the same time. I only felt I was lucky to get such a bargain then.
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Post by kathaksung on Jun 13, 2006 18:01:43 GMT -6
281. Former home owner (1/9)
When R.E.agent introduced the house to me, she said I got extra value for the security. The window of the house were installed with iron rail. There were extra iron rail door outside the wooden door. Later I had a look at my community, among one hundred houses, mine is the only one protected with iron rail. Obviously, the former home owner was very care about their security. But the iron rail couldn't protect former landlord's safety.
After I bought the house, I got the Grand Deed. On front page it printed, "***** ****, (seller's name) a widow, sold her house to Kat Hak Sung." So I knew the seller was a widow.
While I was busy to re-model the house, there was a knock at the door. It was a uniformed police lady. She came to visit Mrs. former home owner. When she knew the house had changed owner, she asked me to deliver a message to Mrs. former home owner about her visit. It was about Mrs.former home owner's pension.
Mrs. former home owner did leave her phone number on note board in kitchen. So I called her. She visited me later with a "thank you" fruit plate. She complained a lot about the trouble caused by buyers previous of me.
Eight years later, about in 1993 (?). Some one put a note on my car, asked me if I would sell it. At that time, I had two cars. One was a cargo van used in business. The other one was an automobile for general communication. Both car caused a bad feeling after driving. The van got normal after I installed metal plate around drive seat. The space of the driving seat of automobile was too narrow to install metal plate so I abandoned to drive that car. It was left on street for months, covered with dust.
The offer was from Feds, I thought. Most of the neighbor were occupied by agent and their people. Who would interest on a dirty car? They might want to take back the instruments they installed in my car when it was abandoned. Anyhow, I dare not to use that car again. So I called the number on that note and sold the automobile to the man.
A few days later, another note was found in mail box. It was same yellow stick note identical to the note offering to buy my car. This time it suggested to exchange his house with mine. I left that offer alone.
At that time, I was tortured by mysterious EM wave. Feds set up traps one after another. So the first thought came to my mind was: "Was it another trap? A house full of killing instrument prepared for me? There could be many traps in procedure to exchange houses." Then I recalled unusual events when I bought the house and since. With more experience with Feds, I gradually found the explanation for each coincidence. I started to realize it was the house I bought caused a nightmare.
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Post by kathaksung on Jun 23, 2006 16:08:01 GMT -6
282. Not a coincidence (1/14)
After years of investigation, Feds should know I don't touch drugs and had no relationship to Mrs. Chen's case. Why did they keep on persecute on me? I wondered. The suggestion to exchange house tipped me there was some other cause. The following is my conclusion then:
1. Former home owners were target of the Feds. They worried about their safety. So they installed iron rail for protection. Former landlord still died.
2. Feds used to watch their target as close as they can. The best place to watch them was of course the neighborhood which shared wall with them. When the target was dead, his widow moved out, it was unnecessary to watch an empty house. So the surveillance team left the neighboring house. That was why two connected houses were almost on market at same time. My supervisor bought the house the Feds used to monitor.
3. Though I don't know what happened exactly, I speculate that the Feds lured former landlady to another house by a good bargain. But the payment depended on the sale of her original house. Feds developed a situation that potential buyers failed one after another. The grilled former landlady was eager for the money to pay the new house that she had to cut the price of house lower and even offered to pay 2000 dollars for buyer's loan cost.
4. Though the buyers previous of me likely worked for Feds, Feds didn't care at first when I was in waiting list. They thought they control everything. I was intimidated by lay off at first and then the shut down of the company. It didn't stop me because the price of house was too good. that my financial situation could be better after buying the house whatever I was employed or not. The shut down of company also motivated me for a private loan. So the usual way to control deal by loan was failed too. I got the house accidentally.
5. The visit of police lady about pension was a tactic to develop a meeting for me and former landlady. Feds used to arrange such meeting for their suspect to verify their relationship. If the police lady really wanted to talk to former landlady, she could get the phone number from me right away and direct called former home owner. Why asked some one else to deliver the message?
I realize this after the observation. The surveillance team used to change shift in a year or so. When that happens, our car would break down and had to be sent for repair. The leaving team must pick up their belongings in the car and arriving team to install theirs. With that it also come a dense visit of acquaintance. People rarely came suddenly show up. New arriving team wants to see the relationship of people they interested. When I realized it was a procedure of Feds, I recalled the visit of that police lady.
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Post by kathaksung on Jul 3, 2006 19:15:45 GMT -6
331. Interest rate (8/2/05)
At first, I thought the "terror attack:" on US would take place in early August. Because Feds arranged a trip for my relatives at that time. The trip will cover New York and Canada from 8/6 to 8/13. Anytime if possible, Feds always arranged a trip in the case because it's easy to plant to arrest during a trip or murder by an accident. The latest travel Feds arranged was in April. In that plot, H.A. gave a final date to fix garage door on 4/17 which I viewed as action date of Feds. It coincides with the return date of my relatives. That China trip took almost one month vacation date on my relatives so I thought there would be no more trip for them this year. But when Feds needs it, people have to obey, so do the companies they work for. It reflects the eagerness of Feds. (When I use the word "Feds", I mean D.O.J. and its accessories FBI, DEA... , not Federal Reserve.)
Why pick up this time? Because on 8/9, Federal Reserve likely will once again raise the bench interest rate. As I have said, Feds bought a lot of houses in my case, so they desperately try to make the interest rate low to keep the house value high.
What did they do to keep the interest rate low?
1. Intimidation on financial group not to raise the rate too fast. A trick Feds is good at. Despite the covert intimidation, there was an open one in last August(2004) when Feds raised alert of certain financial area to orange code. When people doubted, they said it was from a seized computer of Al Qaida. The seized Al Qaida was finally proved an informant of Feds.
As a result, Federal Reserve collaborated. Greenspan dropped the interest rates from 6.5% to 1.75% in 2001. (A 4.75 drop in 12 months) House market boosted. Now the economic situation forces Federal Reserve to raise the interest rate to anti inflation and housing market balloon and maintain dollar from collapsing. Greenspan raised the rate in a measured (stagnant) step. (A raise of 2.25 in 12 months from 1% to 3.25%)
2. To reduce the employment. A high employment means a hot economy that enterprises will chase capital investment to deal with the increased wage, raw material etc. That will significantly push up the interest rate. .
Bush administration carries out a weak dollar policy which makes merchandise made in US cheaper to the foreign buyers. Dollar depreciates almost 1/3 to Euro and 20% to Japanese Yuen. Bush also cut the tax to let people have more money to spend. (It's a trick though. He lets people spend on their debt. He has a historical budget deficit. People have to pay off the debt later by paying more tax)
Do these policies work? Yes, it creates demand but does little to boost employment. Because Feds tried their best to reduce the employment. How?
(1) By outsourcing jobs. When it was criticized, they threw out a strange theory that outsourcing will benefit US economy in future.
(2) Stop hiring new workers. Big firms did not hire workers when demand increased. Same workers have to do more job. The result you could see from media in later 2003. When they beat the drum to say "Growth is now super-super strong compared to super strong,'', "U.S. 3rd-Qtr GDP Grew at 8.2% Rate, Fastest Since '84". They never mentioned about the jobs. They only said the productivity is increased by a double digit. In another word, 10 workers must do the job originally 11 workers did. For this phenomenon, they invent a new word:"Jobless recovery".
(3) Lay off working people. Jobless recovery went into year2004. It was an election year. Bush's economic advisers predicted in early February that the US economy would add 2.6 million jobs in 2004. But that was against Feds' interest. Then we saw, "MCI to slash 7500 jobs"(5/11/04), "Dupont will lay off at least 2500" (4/9) "Seagate to cut 2,940 jobs" (May or June 04) "AT&T to cut 7,500 more jobs"(10/8) ..... At last, Bush was unable to make it a positive topic in his election campaign.
The explanation from Greenspan was that enterprises still lacked of confidence. That in this economy recovery, enterprises had an unusual conservative attitude to increase new capital investment and hiring more people.
Rare people know all these problem were caused by Feds. Bush's election, public's interest are out of consideration. Feds' interest, how small it is, is always at first place. They control CEO of big firms.(see "291. CEO and company (2/14/05)" and #292) So by outsourcing, controlling hiring and spending, Feds can handle the process of economy. Experts are confusing with the development of interest rate and over-heated housing market. They will understand it if they view it from another angle.
And now you may understand why China can maintain its currency exchange rate without being punished. It's all about inflation. A low inflation will help the interest rate low. That's what Feds want.
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Post by kathaksung on Jul 24, 2006 12:34:28 GMT -6
332. Interest rate (2) (8/7/05) To keep the interest rate low, Feds also 3. Reduce the money supply by containing the wage increase. Re: US real wages fall at fastest rate in 14 years By Christopher Swann in Washington May 10 2005 17:59 Real wages in the US are falling at their fastest rate in 14 years, according to data surveyed by the Financial Times. Inflation rose 3.1 per cent in the year to March but salaries climbed just 2.4 per cent, according to the Employment Cost Index. In the final three months of 2004, real wages fell by 0.9 per cent. news.ft.com/cms/s/f269a8f4-c173-11d9-943f-00000e2511c8.html 4. Try to keep inflation rate at low figures. When the gasoline price and house price go up like a rocket, Feds suppresses the price of other merchandise to lower the inflation index. (1) One obvious method is to reduce the price of automobile. The auto price plays an important role in inflation index. Be noticed that in recent two years, the price of automobiles hasn't risen. It even goes down despite the rising steel price. To maintain the inflation index low till the August plot, though exhausted, the auto manufacturers made a last ditch effort by pushing out "Employee discount" in July. G.M. lost more than 1.1 billion in latest quarter in North America, overwhelming solid profit at financing unit GMAC and its operations in China, Europe and Latin America. Why G.M. could make a profit abroad but lost heavily in domestic market? Because its operation abroad is normal under economic principle while in US, it was operated under a twisted, artificial command. CEO of auto makers work not for the interest of share holders but for the interest of Inside Group. (2) Keep the exchange rate of Chinese Yuen with US dollar. Cheap merchandise from China keep US inflation low. But it also caused a large trade deficit with China which will hurt US economy in long run. For years, there is a big US and international pressure on China to urge it abandoning the fixed currency rate policy. China didn't follow. Because it is covertly supported by Inside Group. The threat of trade punishment is never carried out. Greenspan even defends China by saying that the appreciated Chinese Yuen has little help to improve US economy. In early May, media reported that some financial firm predicted China would raise its currency value in mid May. One news among the reports caught my eye. It was a sentence: "Gold Sach firmly predicts that China will re-value its currency on May 18." For the first time it strengthened my belief that the re-value of Chinese currency related to a secret deal between the secret police of two countries. I knew Feds prefer the current situation of Chinese currency because it keeps US interest rate low. But did they have a secret deal? I had thought 5/19(Thursday) was an action date of Feds. (H.A. letter of "overgrown tree" set the last date to fix was 5/19) The collaborate plan should be carried out at about same time. The most important thing was the word "Gold Sach". In my experience, stock market is another main cash register where Feds withdraw money from. In the period when stock went bullish (1999-2000), I observed Gold Sach was the firm which gave signal to Feds in stock trading.(when to buy or sell) In my opinion, this firm has close relationship with Feds. It must have inside information that China would raise its currency value on 5/18. May plot went sour. So did Gold Sach's prediction. Then it came 7/21, the second London bombing. There was no death this time because the master bombing in US didn't take place to the plan. It also came with the re-value of Chinese currency. A 2% adjustment, far from 10% to 15% which US demanded. Because US interest rate still has to be kept in low. But it confirms my belief: They had relationship to the plan of D.O.J.
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Post by kathaksung on Aug 2, 2006 17:46:22 GMT -6
333. Manipulate long term interest rate ( 8/12/05)
Fourteen months ago, when Federal benchmark interest rate was at 45 years low of 1%, the interest of 10 year bond (Federal treasure 10 year note) was 4.8% and the 30 year mortgage rate was about 5.6%. After Federal interest rate being raised from 1% to 3.5%, the 10 year bond rate is about 4.3% and the 30 year mortgage rate is about 5.8%. Either has little change or even has a drop.
To economic rule, long term interest rate always follows the track of short term rate. Now it is moving in a conflict way. Federal Reserve raised the interest rate 10 times, the median price of housing market goes to higher and higher. Economists puzzled. Even Alan Greenspan said that he does not have a good explanation why the long term interest rates fall when the Reserve has been raising short term rates.
Rare people know it's the work of Feds. (Inside group such like D.O.J., FBI and DEA) They hold a large quantity real estates so they resist any change that will influence rising house price. The tactic they used also include the following:
1. Keep the rate of 10 year Federal treasure note low by letting foreign countries (mainly Japan and China) buying a large quantities of US Treasuries. 10 year bonds is the main factor to influence the 30 years mortgage rate.
2. Expand the bond market of home mortgage. Japanese and Chinese government continually buy in the bonds issued by Gunnie Mae(US Government National Mortgage Association), Fannie Mae and Freddie Mac. Supply a large quantity of low interest fund to home mortgage company.
Japan is a puppet of US. It follows the order of Inside Group. China, has secret deal with Feds, collaborate in any side related to framed case.
3. Intimidate Freddie Mac, Fannie Mae to expand the home mortgage lending business. In 2003 and 2004, Freddie Mac and Fannie Mae suffered scandal of account manipulation and financial report problem. Top executives were ousted. As a result, in 2005, the two firms raise the ceiling of single family house mortgage from 333.7k to 359.65k. It said that will help consumers to buy high price house. It also flame the heated house market.
There is always a purpose when a scandal revealed. We learned it from Lewinsky scandal and Watergate scandal. And the result of scandal on Freddie Mac, Fannie Mae helped to create a housing bubble. It developed a potential crisis that in this April Greenspan had to urge Congress to restrict the multi billion-dollar holdings of Fannie Mae and Freddie Mac, warning that their huge debt could imperil US financial markets.
A housing bubble is formed. It will drag US economy into a quagmire in future. All for the interest of Feds.
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Post by kathaksung on Aug 13, 2006 17:42:20 GMT -6
338. Retreat from housing market (8/27/05)
After I was blocked to Internet last Saturday, I went out. I found there was an open house in next block. I took a visit. It was a corner space. To my acknowledge, a corner house is a must for Feds because there they can monitor two roads. The price was 599k, a drop from 635k marked a few days ago. This means it is a serious sale. Feds is getting rid of the real estate they hold. The process of retreat started a year or two ago but now is in a hurry.
G lady sold her house at 1.3 million in March. (see G lady at "32. "Operation Fire Dragon"") Feds and their accessories made a good profit privately in this booming of housing bubble. The bubble doesn't pop off because my case hasn't finished yet. But it seems it's hard to sustain it any longer.
When Feds starts to sell the house near my residence and its accessories are leaving too, than this booming market is at its end. I foresee an economic down turn, if not a crisis, is only a few months away.
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Post by kathaksung on Aug 23, 2006 17:36:56 GMT -6
341. Interest rate in Early September (9/7/05)
In last week, the interest rate of 10 years bonds fell to 4.01% and 30 years mortgage rate fell to 5.71%. The difference of rate of 10 years bond to the bench mark rate of Federal Reserve (3.5%) is only 0.5%. It means when bank borrow a sum of money from Federal Reserve overnight, they must pay 3.5% interest rate on it. But if it issues a 10 year bond, the interest rate they pay is only 4%.
Will inflation for next 10 years only climbs a 0.5%? Of course more than that. But Inside group can reverse the economic rule. They can push foreign country to buy US bonds by bribing them in secret deal. They can push CEO of financial firm and pension managers to invest on mortgage bonds. Because these CEO work for the interest of Feds not for the shareholders. If the loss happens, it's the loss of average investor not the CEO's. Even these managers being ousted, they still can leave with a big severance pay and being awarded another high ranking job.
Feds used to have a swift response to cover up their covert job I revealed. Such like to arrest scapegoats for the computer worm attack or found excuse for the fake "terror attack". Only on interest rate, they can't find an explanation. Because it is against economic principle. Any adjustment upwards will hurt their interest in real estates they hold. For this purpose, they even created big natural disaster to block the rising interest rate.
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Post by kathaksung on Sept 3, 2006 13:00:46 GMT -6
365. Low interest rate and the role of Japan (12/17/05)
Federal Reserve raised the bench mark rate to 4.25% at the purpose to poke off the bubble of housing market. The later the bubble breaking off, the severe the economy will be hurt. But what troubles Greespan is his operation doesn't work. The 30 years mortgage rate stand firmly at around 6.3%. Because main factor which influence the 30 years fixed mortgage rate, the long term bond rate keeps in low. The 10 years US treasury note is around 4.5%. The latest rate on 12/16 is 4.44%. It's only a 0.19% difference between the interest rate of 10 years bond and Federal overnight rate. If the ten years treasury note stays at that level, then when Federal Reserve changes the overnight rate to 4.5% next month, the short term interest rate will equal or pass over the 10 years long term rate. Is it absurd?
This phenomenon is created by Feds. (D.O.J.) They drove two big buyers to invest on US treasury note in large scale. Thus to keep the long term bond rate low which eventually leads to a low mortgage rate. Because Feds (FBI and DEA) hold a lot of real estate property. Why they don't retreat from this market? Because my case haven't finished. It's also why there is an intensify day to day persecution on me these days. The economy situation is worse and worse for them.
Who are the two big buyers? China and Japan. Since there is a historical deficit in US current account, dollar faces a devaluation. It's very unwise to invest on US treasury note at this time. Then what makes China and Japan to do so?
There is no free lunch in the world. D.O.J. bribed the two countries to do so. The payment to Japan is its sovereignty.
Japan was a defeated country in Second World War. It is still under occupation of US army. Though Japan is an economy power, it is a political pygmy. Especially in military. Probably it was the only one suffered from atomic bomb. Its military re-build is tightly controlled by US. Now the restriction on Japan are released gradually.
1. On 9/10/2004, Japan officially declared its Navy found a nuclear submarine invaded its territorial waters. On 9/12, Japanese government confirmed it was a Chinese nuclear submarine. Koizumi's government lodged a diplomatic protest and demanded an official apology. It was contrary to the restraint attitude Japanese used to have. Media said the same water had been intruded before by Chinese submarines. Japan never complained. From military point, army used to keep silence at such events to avoid exposing its anti-sub ability. Then what made Japan start a high profile conflict with China? D.O.J. was behind it.
I alleged so because on 9/9/2004, a young anti-Japan writer was found dead in her car. Iris Chang, famous for her book "The rape of Nanking", was said "suicided" by a gun shot. Despite female rarely suicided with gun, there was no motive for Iris Chang to finish her life at 36. She was a "woman in supreme control of her successful, hectic, perfect life: bestselling author, wife of an engineer husband, mother of a young son, and spokeswoman for a growing movement to seek reparations from Japan for World War 2 atrocities." (Mercury News, 11/11/04) She was writing another book about the Japanese in Philippine in World War 2 when she died.
Of course, if it was done by Feds, they prepared an explanation. Media started a wave of reporting that she had depression which "few had known". Maybe when there was no available motive, "mental illness" is the best outlet. She was said left a "will" for her husband before her death. The note was computer printed.
Media also reported many people didn't believe the "suicide". If successful people such like Fiorina was just selected to be HP's CEO, or Arnold Schwarzinneger was just "elected" Governor of California, Or George Bush in May 2003 when he said "mission accomplished" in a carrier, would they suffer a "depression"? Some people suspected it was done by Japanese rightist. They were wrong. They don't know the principle of game. It must have been done by its own intelligence. Iris Chang, died as part of a payment to encourage Japan to stand up against China. Next day after Chang's death, Japan started a diplomat conflict with China. (to be continued)
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Post by unlawflcombatnt on Sept 3, 2006 16:13:24 GMT -6
Kathaksung,
I've noticed you mention ownership of land by both the FBI and the DEA. Do you have any links to that information? This is something I've never seen anywhere in the press or media.
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Post by kathaksung on Sept 13, 2006 20:14:37 GMT -6
How dare media talk about this topic. They are controlled by intelligence.
I observed it from my own experience.
430. Monopoly the house in north San Jose (8/25/06)
On 7/29, I saw a real estate sale board in a condominium not far from my house. (In Alveswood Circle, North San Jose) I took a look. It was Sunday, but I saw no people in that community. The parking lot was mostly empty. Although it was the end of that unprecedented heat wave, the temperature was still high around 90 degree. The swimming pool was empty. The iron rail gate to the pool was locked.
The house for sale was a one bedroom condominium priced at 335,000.
When I went to shopping in a shopping mall across highway 680, I observed same phenomenon.(Meadowgate Gate Way, North San Jose) Where I had to pass a condominium community, the swimming pool was empty too. It was used to be noisy with people in summer just a few years ago.
In the area where I live, Feds bought up most of the houses. Because they think they control the price. The annual house price gain rate in Santa Clara County, 15% (July 04) 17% (July 05) 10% (July 06). The median house price is 730,000 now. If they bought the house 3 years ago at the median price of 520,000. Then they have a profit of 210,000. If they haven't rented the house off, then deduct mortgage payment and property tax and other expense about 40,000 a year, they still have a 90,000 profit. That's why the housing price keeps on climbing up in double digits annually even though experts cried "bubble will break off" each year since 2002. It's not a normal business anymore. It is an artificial controlled market.
The advantage to control the housing market.
1. It's easy for Feds to use E-M wave weapons. I think before Feds using the "clean the area" tactic, E-M wave weapon killed quite a lot of children lived nearby the target. Children are weak to the radiation. There was an organization - "Wish for a star" which used to fulfill the last wish of those sickened children. I think it was established to compensate those children hurt by the E-M wave radiation. But could a "Disney tour" buy back a loss of a life? Now "Wish for a star" is rarely heard of because Feds buy off the whole area. 13 years ago I have noticed that children were cleared off in my area by Feds.
2. Feds moved their agents and informants into the area. When there is a framed case. The witness are all theirs. So said "reliable witness".
3. The most important thing is that housing market becomes the best way for Feds to make a profit. They take it as a business. e.g. In my community, a 4 bedroom single family house in 1991 was about 200k. (When Feds started to buy in. The first stage) In 1997, the price went up to high 200k. (when Feds started to buy in house in large scale, the second stage) Now the price is about 600k. If they bought a house in 1991 with 20k down payment, the profit is 400k. (Or 100k after deduct 15 years housing cost if the house haven't been rent off.)
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Post by kathaksung on Sept 23, 2006 17:04:07 GMT -6
431. Winner and loser (8/30/06)
The housing market went up like crazy with no regard to the economic rules. After continuing failure to predict the "housing bubble", the market experts silenced. They don't know what happened. An artificial manipulation replaced normal market economy.
To the record I kept, the median home price in Santa Clara County were:
.................... June 2004 ...6/25/2005 ...6/10/2006...8/26/06 Total new homes .....689,800 ...690,500 .....676,000 ....586,000 Total resale houses .580,800....690,000 .....750,000 ....740,000 Total condominiums..384,900 .. 465,000 .. ..495,000 ....504,500
We can see in two years from June/04 to June/06. The new house price is steady around 680k. There is almost no change. It reflects the real market price. But the price of houses and condominiums for resale kept climb up. Each had a 29% gain in two years. Are old houses better than new ones? Because the resale houses were mostly from the Feds. And the trading mostly were fake sales. That is, Feds sold the houses to themselves. Undercover agents or informants bought the house from another agent or informant. In such trading they used to play a drama: bidding war.
Bidding war can keep the real buyers from the forbidden area. (the area around the residence of target) It also keeps a booming market so that the house value in Feds' hand keeps increasing. The fake trading gave Feds a high profit. e.g. Feds bought a house at 580k in June 2004. They put it on market with a price of 700k in June 2006. After a bidding war, an informant got it at 750k. The profit is 170k in two years. The house still belongs to Feds. (in another informant's title)
Did Feds have any risk? No. 58k (if 10% down payment); or 29k (if 5% down payment) is covered by 170k profit. Or there is no risk if they borrowed a 0% down payment loan.
What if the market popped up? Go bankruptcy. There are so many informants work for Feds. Let some go bankrupt won't hurt. The direct loser will be banks. And financial institutes which invested in real estate loans. The real losers finally will be average people when the mutual fund, pension fund told the investors and retiree that there is a bad year for them.
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Post by kathaksung on Oct 3, 2006 16:21:58 GMT -6
437. Manipulate oil price (9/20/2006)
After Bush took the presidency, he created a huge budget deficit, and a huge trade deficit as well. The deficit will cause a big inflation. So Federal Reserve has to raise the interest rate to deal with it. In June 2006, the overnight interest rate was raised to 5.25%. The Federal 10 years treasury bill was 5.25% too. The 30 years fix mortgage rate reached to its recent high: 6.93%. Although this rate is still low viewed from history, it touches off a down turn of the real estate market. Because the price of house is stretched too tight that a tiny increase of the mortgage rate will cause a big change.
Feds hold a large quantity of houses in my case, they tried their best to keep the property value. What we saw are: Federal Reserve stops its step to raise the interest rate. Oil price declined. The rate of bonds goes down. So does the mortgage rate. From June to September, the bench mark rate of Federal funds stays at 5.25%. The rate of 10 year treasury note drops to 4.73% from 5.25%. The 30 years mortgage rate is 6.44% now.
Today you only pay 4.73% interest rate for a ten years long term loan but have to pay 5.25% rate for an overnight loan. Does that mean there will be no inflation within ten years? Or even mean there is a deflation? With common sense you know it's impossible as long as the oil price doubled in one year. All these were done by Feds to protect their property value so you saw these strange phenomenon.
1. Oil price. The result of a big trade deficit is that foreign countries hold a large amount of US dollar. When US has not enough goods or assets to exchange these dollars back, it has to think of a way to make these countries to keep the dollar instead of dumping it. One way is to push up the oil price.
A country which consumes one million barrel of oil a year has to keep 30 million dollars in bank (when oil price is at 30 dollars/ barrel) Then how much should it reserve if the oil price jumped from 30/barrel to 60/barrel? It has to double its dollar reserve to 60 millions. So large amount of dollars were locked up in bank as oil payment (Dollar is the appointed currency in oil trading.)
Now you know why the oil price jumped so high. It is used to solve the deficit problem of US. To delay the US financial crisis. Who benefit from it? (1) Oil export country.(Though much of them are Islamic countries which US dislike. There is no choice.) (2) Speculator (mostly oil groups). They bought in large quantity of future contracts in a short period. Say, from 30/bar to 60/bar, the average price paid was 45/bar. Then when the market was steady at 60/bar to 75/bar, they sold it at average of 67.5/bar. Their profit is 22.5/bar. (3) Federal Reserve and US economy. Federal Reserve can avoid to pay a high interest rate in order to lure the dollar in. US can avoid a financial crises.
The loser is always the average people. They have to take the final cost - a higher gas price.
But it's a double side sword. High oil price will also cause inflation to force the rising of interest rate. When it endangers real estate market, then we saw a dramatic decline of oil price. (from 75/bar/Aug 3 to 60/bar/Sept 19, a 20% decline in 6 weeks.) After all, the interest of Feds, is above everything else.
To keep in mind that when the oil price went up this year, it's not that oil supply was in shortage. And when the oil price drops recently, it's not that there is less demand. It's not a market economy any more. It's an artificial manipulating market.
Greenspan knew it. But he could only say what he was allowed to say. Quote, "The former Fed chief also detailed how investors, rather than users of oil, have come to set the price of oil through purchasing futures contracts."
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Post by kathaksung on Oct 21, 2006 18:33:42 GMT -6
438. Deal to save real estate market (9/25/06)
2. Manipulate interest rate of mortgage loan and 10 years treasury note. The most important factor to influence the housing market are the interest rate of mortgage loan and 10 years treasury note. Feds try their best to lure investors to buy US bond. The rate of mortgage loan drops after the decline of the rate of 10 years treasury note. But there is a big deficit in US foreign trade. To ask foreigners to invest on a weak dollar, you have to give them incentives. Here are the incentives(or payment) to the three big buyers of US treasury notes.
1. Japan. To release its political and military power. New Premier of Japan likely will change the Pacific Constitution which US Occupation troop has compelled on Japan after World War II.
US let Japanese auto makers selling more car in the country. There used to be a compromise in market share between US and Japan. But this time Japanese car broaden its market share in large scale without a hitch. The result is that Ford and GM had to close dozen of its factory and lay off tens of thousands of workers. Toyota will replace GM to be the No.1 auto maker in the world next year.
2. China. Political benefit. The pro-independence President of Taiwan - Chen Shui Bian - was in trouble since March. There is a series of scandals revealed in government officials and his family. Chen himself is investigated in a corrupt case. He may step down at any time.
China is allowed to manipulate the exchange rate of currency. The result is it becomes No.1 in trade surplus on US.
Sell profitable assets to China. China is allowed to purchase PC business of IBM. There were other attempts too. (China has tried to get Maytag, Unocal. Though it failed, the original deal were arranged by Feds, I think.)
3. Oil export country. Dubai's effort to buy the company which controls six major US ports failed. But it was compensated in another not so high profiled deal. Few people noticed later Dubai successfully bought a U.K. company with U.S. plants that make military equipment . (Doncasters' nine U.S. plants, which make parts for tanks and military aircraft )
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Post by Ken on Nov 17, 2006 7:41:38 GMT -6
U.S. housing starts plunge 14.6% to 6-year low
PrintDisable live quotesRSSDigg itDel.icio.usRelated Blog Posts & ArticlesBy Rex Nutting Last Update: 8:30 AM ET Nov 17, 2006
WASHINGTON (MarketWatch) - Starts of new U.S. homes plunged 14.6% in October to a seasonally adjusted annual rate of 1.486 million, the lowest level in more than six years, the Commerce Department estimated Friday. Building permits fell 6.3% to a seasonally adjusted annual rate of 1.535 million, the lowest level in nine years. It was the largest percentage decline in permits in seven years. Housing starts are now down 27.4% from October 2005 levels. Building permits are down 28% year-on-year. The decline in October was much larger than expected by Wall Street economists, who were forecasting a 4.5% drop in starts to 1.69 million. Building permits were expected to fall about 1% to 1.62 million
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Post by unlawflcombatnt on Nov 17, 2006 15:37:00 GMT -6
Ken, Thanks for the post. You beat me to it. I'll post more on this later. More specifically, on the difference between the number of new homes completed and the number sold. Suffice to say, that home completions are far outstripping the number sold. According to U.S. Census Bureau statistics, 174,000 homes were completed in October. In September, 180,000 New Homes were completed, while only 85,000 were sold in September. Based on these numbers, the supply of New Homes is still increasing faster than the number sold. This is an absolute guarantee that prices will fall, and that jobs will be lost in the real estate industry. The supply is still exceeding the demand by a lot.
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Post by ken on Nov 21, 2006 15:08:31 GMT -6
i dont know how anyone could predict a soft landing on these numbers. the strange thing is that Euro and Asian stocks seem to be more volatile to our economic numbers than the DOW is. strange bubble behavior. It is almost as if the markets guys are dismissing the impact of the job loss and are only considering the wealth effect. That industry has a strong domestic multiplier and I suspect that is why Roub's GDP numbers were closer than the market economists. news.yahoo.com/s/nm/20061121/bs_nm/economy_spending_dcThat doesnt bode well for a strong fourth Q.
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Post by lc on Nov 21, 2006 17:01:14 GMT -6
Ken, Welcome to the board, thanks for the heads up.
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Post by unlawflcombatnt on Nov 21, 2006 21:32:34 GMT -6
Did you happen to notice the great propaganda piece put out by the Wall Street Journal, " Worst of U.S.Housing Slowdown Over"? It's pure, illogical, self-serving nonsense. They have no evidence whatsoever to support this claim.
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Post by Ken on Nov 22, 2006 6:16:21 GMT -6
news.yahoo.com/s/nm/20061106/bs_nm/economy_greenspan_dcThe worst is behind us? the anti-depressives at the retirement home must be doing the job. We havent worked off any of this inventory and thats a little bit more than some "froth" as Greenie calls it. WSJ is following the market "cattle" with optimistic chatter. Its what they do.
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Post by unlawflcombatnt on Nov 22, 2006 15:02:52 GMT -6
Pretty amazing stuff, isn't it. If the facts don't support their statements, they just ignore the facts.
It's worth mentioning again that none of the market "experts" were calling for a recession in 2000, and almost all of them were denying it once it had already started in 2001. You'd think no one would listen to them today. But these falsely optimistic reports are still aired publicly, because that's what the Corporate-controlled media wants the general public to believe.
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