The Big 3: Forced Lending Will Destroy Housing, Housing Cannot Rebound For Years, And Trade With The Kremlin? No Thanks

1. Forced Lending Will Destroy Housing

2. Housing Cannot Rebound For Years

3. Trade With The Kremlin? No Thanks

1. It stands to reason that the only self-sustaining system is one where private-profit-seeking companies with self-serving interests trades/lends/borrows/invests because they can create profits from doing so. Our new system is built upon welfare institutions that are soon to be “forced” lend to businesses and people that won’t be able to pay them back…what’s self-sustaining in this new system?

2. 80% of all mortgages are now owned by the US government and controlled by politicians and bureaucrats who don’t get a share of the profits, but want your votes. Everybody wants to create artificial government-controlled incentives to fix housing. Housing won’t be fixed until banks and homeowners are profit-seeking again, and that will only happen when the government gets out of the way.

3. Real headline of the day: State cash gives holiday cheer to Russia share. MSM is stupid! The Russia market index was down 40% when they started using taxdollars to buy back stock in the open market. It’s now down 70%. See points #1 and #2 above for why.