US Economy: Let's not suck each other's cocks just yet
 

$5 Submissions' :2 cents::

There's a scene in Pulp Fiction when Travolta and Samuel L. Jackson were congratulating each other after cleaning up brain splatter from their car. Harvey Keitel said Well, let's not start sucking each other's dicks quite yet to let them know that they still had to dispose of the body.

With the Dow blowing up from the lower 6000s to past 10000 within a year and GDP supposedly popping up past 5% and other markets like Australia making fast strides out of the recession, the global financial market (discounting the drama over the euro's PIIGS problem) might be in the mood for some celebratory circular cocksucking.....

Well, this piece of unwelcome news is sure to pour some sobering PISS on any talk of a swift financial recovery in 2010:

New wave of foreclosures by end of 2010 is feared
About 4 million U.S. homeowners are 90 days or more delinquent on their loans or in foreclosure proceedings, Moody's Economy.com says. A federal loan modification program is helping a relative few.

SOURCE: http://www.latimes.com/business/la-f...,7573498.story

Immediate impact: helps deflate any upswing in home prices. Prolongs the asset deflation mess.

It's gloomier than that.

Those of us that have our hands in the REO business are secretly celebrating.

http://www.dsnews.com/ is a great source for foreclosure news -- its the AVN/Xbiz of REO.

New home sales in my neighborhood are going up like crazy. I can see 7 new ones being built from my back porch and from my office in front of my house i see 4 others being built. In our community right now of 700 lots 45 houses are being built right this sec.

guess if you're in the position and able to afford it now is the best time to buy/build a home with it being more a buyer's market these days

How is the commercial real estate side of the biz doing?

Psst.... don't forget about all that money you guys borrowed too mmkay?

In terms of % of GDP it isn't as alarming as other economies'... However, in terms of ABSOLUTE amounts, it's cause for concern. Worrying enough for one regional Fed chairman to dissent from the recent Fed decision: http://www.marketwatch.com/story/us-...ist=beforebell

So.. let me try to get your understanding here...

I think what you are saying is that, "When money is in short supply, people resort to sucking cocks to get money" AKA "being a whore."

So, what you are saying is that if a person was an employee or businessperson (sole proprietorship, partnership, corporation, etc.) or investor (stock market, bonds, GICs, etc.), then this person would not have to suck cock to get money.