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SVTPerformance's Chain of Restaurants
Road Side Pub
US economy, confidence
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<blockquote data-quote="terminatd" data-source="post: 414595" data-attributes="member: 4031"><p>Your home values are relative, you have lost value in an international perspective, a loss in standard of living. The real estate market is the only cylinder keeping the economy above water. The same thing is happening here, our home increased 100,000 in the last year. everyone is refinancing, extending debt and in the last year pulling funds from the market. Since investment is more mobile and international, I am really looking at the global implications. There ia a saying that when the US sneezes, Canada gets a cold. That is true of other nations. I have justed cashed in US dollars for Gold bullion and have significant US market exposure(35% of portfolio). </p><p>The state of California is in huge trouble, the debt is something like 18 billion and if they fired every state emlpoyee they still couldn't balance the budget. Taxes and government services will have to rise and the result will be an erosion of the relative gain on your home.</p><p>The incentives from the vehicle manufacturers is deflation. The fed claims that the energy costs have gone down while the Wall Street Journal claims that they have gone up. I would believe thew Journal. I have seen many Cobras on this and other boards for sale due to job loss or reduction and many of the so called economic experts are useless. So, while I don't have a crystal ball, its the sentiment of "Joe sixpack", the average guy that is the best indication of the economy.</p></blockquote><p></p>
[QUOTE="terminatd, post: 414595, member: 4031"] Your home values are relative, you have lost value in an international perspective, a loss in standard of living. The real estate market is the only cylinder keeping the economy above water. The same thing is happening here, our home increased 100,000 in the last year. everyone is refinancing, extending debt and in the last year pulling funds from the market. Since investment is more mobile and international, I am really looking at the global implications. There ia a saying that when the US sneezes, Canada gets a cold. That is true of other nations. I have justed cashed in US dollars for Gold bullion and have significant US market exposure(35% of portfolio). The state of California is in huge trouble, the debt is something like 18 billion and if they fired every state emlpoyee they still couldn't balance the budget. Taxes and government services will have to rise and the result will be an erosion of the relative gain on your home. The incentives from the vehicle manufacturers is deflation. The fed claims that the energy costs have gone down while the Wall Street Journal claims that they have gone up. I would believe thew Journal. I have seen many Cobras on this and other boards for sale due to job loss or reduction and many of the so called economic experts are useless. So, while I don't have a crystal ball, its the sentiment of "Joe sixpack", the average guy that is the best indication of the economy. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
US economy, confidence
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