The Friendly Money Making Board

[coydog]

Random thoughts. There is a big bull market in conservative thought now. Obama has been exposed and only three states can pay pensions. Fortunately Florida is one of those states as far as I am concerned. The Fed sees that the dems are on the run and even repubs that have been stealing have a target on their backs. Every place you look and every time you turn on the TV gold is being pushed. If interest rates start to rise and the Fed starts fighting inflation gold will plummet. Gold now looks a lot like the oil bubble. And we know that hype is a really strong sell signal. I try to borrow a lot of money every once in a while to see what the bankers are thinking. They do not want to loan money now because they know that interest rates are going up. Real estate is still in trouble because there are no jobs. The only ones that can buy are people with cash. I have an offer on the table for one house that is two thousand dollars more than the bank is asking for a foreclosure. They will not make a deal even though it is a cash deal. I have one guy looking at my Roatan property but he is a vulture just like me. He wants me to hold paper and does not want to put down a big down payment. Then he fights me over the interest rate even though I am charging three points less than the bank. It is a tough market. http://www.dailyfinance.com/story/investing/gold-bugs-should-take-feds-discount-rate-boost-as-a-warning/19365190/