There are many mixed signals about the direction of our economy, don’t be hoodwinked by these signals. First of all…Don’t believe our government, they are the cause of it all, its simple politics and our economy are not the same and by our deficits it is apparent they don’t mix either. Secondly, if you want to know the truth where our economy is headed just look to the IMF (International Monetary Fund).
Our government keeps telling us they THINK things are starting to be rosy. Washington thinks wrong! Where is the evidence that a recovery is coming? There isn’t any. Warren Buffett said last week that he hasn’t seen any of the “green shoots” that Washington is talking about, and instead Mr. Buffett warns of significant inflation is raising it ugly head and is sure to give us a nasty visit.
Last week the IMF predicted a “deepening recession” WORLDWIDE! The IMF can point to fact and figures to back their prediction. FYI: IMF is the equivalent to our Federal Reserve Bank; you know where all the bail out money comes from.
I don’t think you will be able to wait this thing out. It appears we may be looking at two to three years more of a bad economy. Now is the time to work on getting your financial house in order. From my prospective real estate has always been a hedge for what I see us facing today.
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Labels: Economy, Foreclosure Information, FYI, My Point of View, Short Sales Education
