Today's new home starts (Feb.) were the worst housing number ever- since they began tracking housing starts in year two (1962) of the Kennedy Administration.
Housing equity lines of credit or heloc's were once the path to riches. This is how American idiots once financed motor homes, diesel trucks, and the wife's Lexus. Unfortunately, one must own a home, or have enough equity in that home- to get a loan. An additional problem is that banks don't have any money with which to hand out those helocs any more. They are relying on the Bernank to just keep printing so that they can buy treasury debt and try to recapitalize with 4% interest. It won't work.
We have no jobs. What jobs are produced- pay dog shit. Nobody is buying new homes. Hell, nobody is buying old homes. Every one's credit sucks. We have wars all over the middle east, a Japanese China Syndrome with a pending concrete party, and some of the worst inflation ever. Check this out. http://online.wsj.com/article/SB10001424052748704050204576218092622256666.html?mod=googlenews_wsj
This is what the FED is going to say when they can no longer lie about inflation. They are going to say, "well yes we are experiencing minor inflation currently but we expect that it will disappear by 2012." That will be the next line of shit that we hear.
The only thing that has disappeared in the last four years' is the American dream, middle class wealth, justice, and the truth. The truth it seems, is whatever these fuckers tell us it is.
Here on Frankenstein Government, I like to think that I can speak the truth. I have no motive to lie. There is no fucking recovery. There is no housing recovery, there are no jobs. The jobs we are getting suck, the benefits suck. The stock market is about to keel the fuck over, the dollar is trading at all time lows against every crappy currency. The President is a crook, liar, and a shitty leader. Congress cannot do it's job because they lack any kind of courage- both personally and collectively. So in a nutshell, we are hosed. This is what I do to cope with a bunch of knuckleheads running the country and a bunch of knuckleheads voting for knuckleheads.
I exercise daily. I buy silver and gold with this worthless paper they keep printing. I ride my motorcycle. I read a lot and I write. I try to spread the word that we have lost control of this country. Truly we have. At some point we will have a complete bankruptcy and collapse which will be fine as long as you are prepared for it. Someday we will have a recovery. Just don't look for it anytime soon.