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1. Yes with existing homes, note I said "REPLACEMENT COST" The price of EXISTING HOMES were falling below the price of building that home again (and that is real bad juju). In other words the FED's action forestalled another downward tranche in the price of RE in early 2012. I saw the prices on RE crumbling in an ever downward spiral where people who still had lots of equity at that time would have thought about walking away if the market had continued to decline. MASSIVE FAILURE OF THE SYSTEM.

U should discuss with Motion about the last few he had, and got out of...

One day everybody got up and Lehman had failed, it was ESTIMATED that if the Congress did not pass the TARP legislation in late 2008 that the Banking system would FAIL WITHIN 72 HOURS...that is according to the then Speaker of the House one Nancy Pelosis.

It has been said that when you hear Thunder it is the thunder of the Gods Bowling balls, what you have now are the Central Banks messing with the MACRO ECONOMY on a TITANIC SCALE...when the FED makes a move it like a Bowling Ball of the Gods...rolling down the lane and smashing into those pins...causing thunder

You people do not get it...THE SYSTEM FAILED IN 2008. EVERY GOVT AND EVERY CENTRAL BANK IN THE WORLD HAS BEEN TRYING TO PUT HUMPTY DUMPTY BACK TOGETHER AGAIN WITH EVERY MEANS AT THEIR DISPOSAL...none of it has worked. They have papered over the cracks by doing the very thing that has caused the problems. It is a matter of the devil you know or roll the dice and see what turns up...

Everything has become topsy turvy in an Alice in Wonderland sort of way, you notice all the civil unrest and turmoil in the world it is all a result of the stresses that are caused by the effect of monetary policy on the economy. Conservatives don't like to hear that as they like to blame the fireman in chief one Barrack Obama whose want is to throw gasoline on fires thinking it is a palliative. This is absolutely Wagnerian in it's epic scale. GOTTERDAMMERUNG rite large.

How do you deal with over $150,000,000,000,000.00 USD in US debt alone???? Can't you hear the creaking and groaning of the system as it tries to bear that massive weight and the powers that be are still putting MORE DEBT into the system in an effort to keep the music playing...Then we have to add in the EU, UK and Japanese debt....if you think about it your already dead.

The reason why people don't get it is that they can not see beyond their circle of light, what is familiar or what they have seen or experienced in their lives. People do not realize that other things can happen that is outside of their realm of understanding. To this end I have listened to an endless stream of financial experts, gurus, movers and shakers and boyz in the biz try and say this or that program is going to rectify the problems and lead to a RETURN OF NORMAL economic growth patterns. Only to later be disappointed when it just didn't work out as expected. Each time the disappointment grows a little bit deeper...

Now we have the Saudi QE program..keep oil production high, drop the price of oil which puts more spendable in the pockets of the consumer...so that they can spend, spend and spend some more.