Remember: my central thesis right now is the market is consolidating in a triangle formation at the end of a long sell-off. Today's action keeps us squarely within that triangle. In other words, we're still consolidating.
Currency Wars Part II: Jim Rickards and Max Keiser
43 minutes ago
2 comments:
The real estate people say that housing might go down another 15% or whatever, next 18 month's. Here's the thing. If FNM or Freddie mac, dropped the interest rate 1% on the 30 year loan, that makes up for the loss in the housing value ( instant fix).
Why is there such opposition to this kind of a move__
well that's the part that has me intrigued.
The opposition.
There's opposition to an instant fix.
It's as if, the gov't doesn't want to insta - fix the economy.
That's the part that's intriguing.
BD, have a look at this article on economic modeling by an electrical engineer.
He notes the Mark Buchanan NT Times article from the beginning of October that big market price movements appear to have no relation to major news items.
He suggests a different modeling approach.
What do you think?
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