And the head of St Louis fed was on this morning dodging answering questions and basically saying more printing is in order for these "discount window lending " programs. Doing collateral loans, Print money, get the goods , then get paid back and shred the money printed!!!! Really??? I would like to find where i could look to see if the last spree of printing money was SHREDDED as they say they do.........One would think they would just stash it and use it for the next round of QEing. You know they will. Save the printing cost LOL.............................................
Chief KnocAHoma
Chief KnocAHoma's picture
Yes JR has made me money!!!! He was in the farm land camp long before anyone else.
There are several things happening at once. I am a real estate broker - okay who laughed? -
Our market is somewhat rural with average suburban centers.
Properties are behaiving like this:
Commercial/Retail - down (Medical facilities would be an exception here.)
Residential - down and falling fast
Apartments - Stable to rising
Farm land - Rising rapidly!
This tells me there are two forces at play. Deflation in non essentials - Inflation in essentials.
But what the $uck do I know? Got silver?
And PS - The banks are completely $ucking frozen. If your are coming to play, please bring cash. Farm land would be the exception.
www.SouthGaRealEstateReport.com
http://feedproxy.google.com/~r/zerohedge/feed/~3/UM3x_YB5IYU/jim-rogers-qe3s-already-started-im-shorting-stocks-long-commodities-and-currencies
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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