Saturday, November 9, 2013
Tuesday, August 20, 2013
Friday, May 3, 2013
Greenspan Depression of the Millennium virtually destroyed Middle Class
America and the US housing market. The Federal Reserve's massive destruction of
jobs and the
transfer of wealth from the illiquid unlucky to the liquid lucky
caused worldwide chaos and opened opportunities to those with the right inside contacts
in Wall Street or the "lucky ones" able to somehow maintain
But what comes down too much also does come up eventually...
The following chart provides some perspective on the single-family home market. It presents the median single-family home price divided by the price of one ounce of gold. This results in the Home Price / Gold ratio or the cost of the median single-family home in ounces of gold. For example, it currently takes a relatively low 116 ounces of gold to buy the median single-family home. This is dramatically less than the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down 74% from its 2001 peak.
Since making new 32 year lows last year, home prices (priced in that other global currency - gold) have worked their way higher. In fact, the median single-family home priced in gold has just broken above its eight-year, downward sloping trend channel.
Sunday, November 11, 2012
Watch this chilling clip illustrating the direction our Country is heading as a result of the corruption of the electoral process. The Great Greenspan Depression of the Millennium has only emphasized the effects which have been coming for over a decade, culminating in the Supreme Court's "Citizens United" Decision which gave tacit approval for corporations to purchase Congressmen and other politicians in power. When taxpayer funds are used not to improve infrastructure or the well-being of the citizenry, but rather used to pay back favors to special interest groups a Country begins to self-destruct.
Wednesday, July 18, 2012
© 2008, Carlos E. Bravo - All Rights Reserved