Comments on: Latest “Disastrous” Housing Data Shows Homebuilders are Hopeless http://dailyreckoning.com/latest-disastrous-housing-data-shows-homebuilders-are-hopeless/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sun, 21 Mar 2010 07:14:27 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: CommonCents http://dailyreckoning.com/latest-disastrous-housing-data-shows-homebuilders-are-hopeless/#comment-39795 CommonCents Fri, 20 Nov 2009 17:08:49 +0000 http://dailyreckoning.com/?p=20436#comment-39795 As a builder I will attest that I've never seen such a dearth of potentially profitable construction opportunities. I've built in some of the most depressed areas in the country and could always find a niche of profitability. Not now not anywhere. Burning through my hard earned savings is unsustainable with no end in sight. And I know I'm in some of the best position in my field. Scary stuff. I should be in the cat bird's seat as construction usually slows as interest rates raise enabling me to weather the storm earning interest. Not this time, thank you Ben Bernanke. We are on a death spiral ending with either default(highly unlikely) or hyperinflation (highly likely). I'm hunkering down for the fallout. As a builder I will attest that I’ve never seen such a dearth of potentially profitable construction opportunities. I’ve built in some of the most depressed areas in the country and could always find a niche of profitability. Not now not anywhere.

Burning through my hard earned savings is unsustainable with no end in sight. And I know I’m in some of the best position in my field. Scary stuff. I should be in the cat bird’s seat as construction usually slows as interest rates raise enabling me to weather the storm earning interest. Not this time, thank you Ben Bernanke. We are on a death spiral ending with either default(highly unlikely) or hyperinflation (highly likely). I’m hunkering down for the fallout.

]]> By: John Smith http://dailyreckoning.com/latest-disastrous-housing-data-shows-homebuilders-are-hopeless/#comment-39661 John Smith Fri, 20 Nov 2009 03:12:16 +0000 http://dailyreckoning.com/?p=20436#comment-39661 I was under the impression that the FED is buying up 1.8 Trillion worth of mortgages. Now the way I see it that is giving 1.8 Trillion to the housing sector. After all nobody would make these loans if the FED was not doing it. Further more, the banks are the one who are really benefiting from this since they are getting to liquidate their holdings. But ultimately the US Treasury benefits by the banks taking the money and buying bonds and T-Bills. I was under the impression that the FED is buying up 1.8 Trillion worth of mortgages. Now the way I see it that is giving 1.8 Trillion to the housing sector. After all nobody would make these loans if the FED was not doing it. Further more, the banks are the one who are really benefiting from this since they are getting to liquidate their holdings. But ultimately the US Treasury benefits by the banks taking the money and buying bonds and T-Bills.

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