Monday, May 25, 2009

HOUSING COLLAPSE ENTERS SECOND PHASE...

AT SOME POINT THE STRUCTURALLY UNSUSTAINABLE NATURE OF THE US ECONOMY WILL HAVE TO BE ADMITTED...

WE ARE RAPIDLY COMING TO THE END OF THE DENIAL PHASE...PERHAPS A FEW MORE MONTHS AT BEST.

I DON'T THINK THE US ECONOMY MAKES IT OUT OF 2009 WITHOUT A SERIOUS "ECONOMIC EVENT" HAPPENING...PROBABLY AROUND SEPTEMBER THIS YEAR...SHADES OF 2008!

THIS IS JUST TOO FAR GONE TO HAVE A GOOD RESULT...UNDER ANY CIRCUMSTANCES.

GOLD IS THE ONLY PLACE TO BE...WITH SOME INSURED CASH ON THE SIDELINES.