Is the US bubble about to burst?

Like in a football match, in the economy there are two team of players, a referee and lots of public. Players come in all shape and form, some are better than others, some get hurt, even killed, yet they have something in common. They all play.

If you listen intently at the public most seem to know a lot about the game….yet they themselves do not play.

There is a third more despicable species though, the commentators. They not only do not play, but whilst they pocked sizable portion of money for talking a lot of hot air, they go further in telling you all the problems associated with each player why is it that they are so wrong and bad, and fall just short of stating they would do better…..yet they do not.

Economy commentators are worst than economist since they do not even attempt at emulating economist by making disparaging claims for future events based on projection of historic past, but they content themselves with reporting the bad and the ugly in downturn markets and the good and the lovely in up moving markets. A pathetic drum beat that goes where the wind blows and could be reduced to a few onomatopoeic sounds like Uuu, Aaa, Eee.
Thank God that the economy is made by doers and not bla bla bla’ers and that there are many doers still around.
http://www.chosen4u.com/?ace

“What you want in your life occasionally shows up…
what you must have… always does.” . . . . . Doug Firebaugh
May God Prosper you.[biggrin]
Marc

Our house finally listed last Thursday! The US started to slow a bit early this year, but in the last month [lmao]. We have 21 offers as of today, that’s 4 days. Yes you read that correctly [biggrin]. My wife and I are obviously thrilled and hoping the escrow goes well.

We listed slightly (say 2%) under market value so as to inflate demand. But with this many people, this much demand, I think the US has a bit to go. Maybe 6 months more of mania? 6 more silly months until noone at all can afford? Possibly these the dying thrashes of the market, like a fish thrown on the deck of a boat? But wow, 21, we listed low to get maybe 5, so we could better bargain for a short lease-back. That’s SoCal for you.

>>>>petard<<<<

Going way off at a tangent here, but for those unfamiliar with the word, this is quite amusing:

Word History: The French used pétard, “a loud discharge of intestinal gas,” for a kind of infernal engine for blasting through the gates of a city. “To be hoist by one’s own petard,” a now proverbial phrase apparently originating with Shakespeare’s Hamlet (around 1604) not long after the word entered English (around 1598), means “to blow oneself up with one’s own bomb, be undone by one’s own devices.” The French noun pet, “fart,” developed regularly from the Latin noun pditum, from the Indo-European root *pezd-, “fart.”

Cheers