This is a push on my part to get the consumer (you and I) to realize that help is on the way from the Federal Reserve and the real estate industry. The Federal Reserve must and will be starting to lower interest rates, and this will get the real estate market to begin to reverse its slumping sales and eventually create higher prices. I know there are people who will read no further and start disagreeing with me at this point, but if they choose to go on and read the article, I believe I will change their minds. If not, I simply say "that's what horse racing is all about!"
For years, further back than I care to remember, people have always touted stocks to me.
They will always tell me that they heard it from a friend, who heard it from someone else, whose brother-in-law is well connected that XYZ Company was going to double their earnings, and the stock was going to go through the roof. So I would get a Standard and Poor sheet on the Company and look at the Income Statement and realize that the cash flow of the Company was insufficient to create the amount of earnings that was being claimed. I was generally right about the earnings, but because the stock market moves on many things, earnings just being one, I wasn't always right about the stock.
Now lets look at the reality of the economy today. Turn on any station that deals with the stock market, and you will always hear that the main cause of inflation is increasing wages. You will also hear that we have a consumer driven economy. Wages aren't increasing by anyone's measure so where is the money coming from for consumers to drive the economy? We know that the middle class consumer, the largest class of people in our Country, is struggling to keep above water and that the upper class doesn't have the numbers to single handily keep the economy moving. That leaves only one place to get the money: borrowing. There are really only two places to borrow: from yourself through your house or through institutions which in reality end up being credit cards.
The real estate industry is stagnant at this time except in upper end houses. Again, these are not middle class houses but upper class houses. While borrowing occurs in upper class houses, it doesn't come close to the amount taken out of the middle and lower class houses.
Roger Schlesinger's Mortgage Minute is heard on hundreds of radio stations and daily on the Hugh Hewitt radio show and Michael Medved shows. Roger interacts with his hosts and explores the complicated financial markets in order to enlighten his listeners and direct them along their own unique road to financial freedom.
Clinton Foundation: Oh, We Made Additional $12-26 Million From Speeches Given By the Former First Family | Matt Vespa
Josh Duggar Resigns from FRC Action After Molestation Admission UPDATE: TLC Removes Show From Lineup | Christine Rousselle