.......The Housing Implosion And Gold/Silver Stocks
The housing implosion is deflationary, which is BAD for gold/silver stocks, which do well in an inflationary rising interest rate environment, which is the opposite of the current deflationary environment, see
http://biz.yahoo.com/ap/060919/economy.html?.v=7.
Here's a small part of the article: "Housing has just fallen off a precipice," said Mark Zandi, chief economist at Moody's Economy.com, who said he believed the central bank would discuss this slowdown in the statement it releases after Wednesday's meeting.
David Seiders, chief economist at the National Association of Home Builders, said the organization's survey of builder sentiment declined in September for the eighth consecutive month and now stands at its lowest point in more than 16 years.
"We have been warning that the housing downswing seems to be deeper than the Fed has been expecting and that the downside risks to housing are substantial," Seiders said. ....... http://www.JoeFRocks.com/
Fed housing gold silver
http://biz.yahoo.com/ap/060919/economy.html?.v=7.
Here's a small part of the article: "Housing has just fallen off a precipice," said Mark Zandi, chief economist at Moody's Economy.com, who said he believed the central bank would discuss this slowdown in the statement it releases after Wednesday's meeting.
David Seiders, chief economist at the National Association of Home Builders, said the organization's survey of builder sentiment declined in September for the eighth consecutive month and now stands at its lowest point in more than 16 years.
"We have been warning that the housing downswing seems to be deeper than the Fed has been expecting and that the downside risks to housing are substantial," Seiders said. ....... http://www.JoeFRocks.com/
Fed housing gold silver
posted by Joe Ferrazzano at
11:44 AM
