HawthorneVillager.com

Updates...??? where are you Billy? interesting stuff last couple of days, your not on the ball as of late. starting to annoy me a bit.

Hey give the guy a break f!! He just sold his house for almost 900K! He's counting his money man!!

You mean the one on Cusick??

When abbey joseph cohen speaks. Run. She is the biggest fraud ever. Read it for yourself how she got it wrong as I told you last time she posted. Run again.
Goldman is americas achilles heal.


Goldman's Cohen: 'We Will Avoid Another Recession'
CNBC.com | April 30, 2012 | 12:06 PM EDT
The U.S. isn't going back into a recession, though economic growth has slowed, Goldman Sach's chief equity strategist Abby Joseph Cohen told CNBC Monday.

"All you need to believe is that we will avoid another recession over the next couple of years," she told Squawk on the Street. "And that is indeed our forecast, even though we see growth has slowed somewhat."

She said the current historically low interest rates have made equities a better investment than bonds, which now also have their share of risk after generations of being perceived as safe.

"It's hard for us to see how bonds can generate the same kind of returns going forward that they have over the last 30 years," she said. "Equities seem to be very attractively valued."

She said she agrees with Goldman economist Jan Hatzius's forecast of the second half being more "difficult" than the first. "We have seen some deceleration in economic activity" after a mild winter that might have "puffed up" seasonal growth in the first quarter, she said.

But slow growth is still growth, and the longer-term trend is to the upside, she said.

Its nice that I have a following. Thanks for the support peeps.

We Are in Age of ‘Late Great Depression’: Shiller
CNBC.com | April 30, 2012 | 06:44 AM EDT
The world is in a state of “late Great Depression,” well-known economist and author Robert Shiller told CNBC Monday.

The Yale economics professor, who helped devise the Case-Shiller index for housing market trends, and famously called the dotcom bubble of the early 2000s and the housing market bubble later in the decade, told “Squawk Box Europe” that the world is in a “new age of austerity.”

“Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now,” Shiller said.

Many economists believe that the embattled euro zone has already entered the second part of a double-dip recession , with official figures due out this week expected to confirm as much.

Policymakers across the Western world have tried to combat slowing growth and the long-term effects of the credit crisis through mass liquidity injections over the past 18 months. These have included the quantitative easing programs in the U.S. and U.K., and the European Central Bank’s long-term refinancing operations.

While these injections have helped restore some health to markets this year, many economists believe the long-term picture is gloomier.

“Quantitative easing is not as prominent a policy as austerity ... the effect of austerity is not crystal clear because it depends how people react to it,” Shiller said. “It might help, but I don’t know if it’s going to overwhelm the general mood of austerity which is affecting the housing market.”

Shiller said that the U.S. housing market was “really hard to forecast” at the moment, but added: “The general presumption is that home prices are going down and that’s good — it’ll make them more affordable.”

Continued weakness in the U.S. housing market, including new lows for the Case-Shiller Index, has led to concerns that the market will take a long time to start climbing up again.

Shiller argues that a gradual decline in the cost of buying a home could help people diversify their finances rather than just relying on their homes as an investment.

“Fifty years ago, there wasn’t this talk of housing as an investment. It was a zeitgeist of the early 2000s, and it has gradually gone,” he said

thanks for the update Bill, can u give me your thoughts on the European situation? Possible global again? too many questions and so little time...

How long has your house been for sale? private and agent listing....

please dont distract Billy from his real work

I’m not sure when csb sold his house. But haven’t house prices gone up around 7% on average in Milton since last year? So isn’t it relevant that he could have got more for his house now? And also, the house that sold for $873,000 was 3800 sq ft. How big was you house csb????
So, William let’s put the cards on the table. How long has your house been for sale? Is it a fair comparable to the one that sold for $873,000?
Does it compare to the other active listing on Cusick that is larger than yours and is asking $81,000 less than you?
Or, perhaps you have already sold and I have put my foot in my mouth

Yeah I sold my place back in October. It was only on the market 3-4 weeks. His place was on the market A LOT longer and I'm finding it hard to believe he got that price. My place was 2800 sq/ft...his was a little bigger with a finished basement so obviously he will get some more for his place. If I waited and waited and waited I'm sure I would have got more as well but I didn't have that luxury.

ne.
In the United States, the latest batch of economic news was hardly uplifting. Initial jobless claims for the period ended last week came in at 370,000, slightly above expectations. And a reading of business conditions in the mid-Atlantic region contracted in May, which was well below economists’ expectations.

60000 jobs created in the U. S. Of A.

This nightmare scenario never ends. Now with talk of QE3 on the horizon, there sub satandard living conditions will continue to decline. With no end insight. Real estate continues scrap bottom with unemployment rate at a more realistic 20 percent.

Pay the piper. Pay the piper.

Dr doom

By:  Peter Schiff
Friday, June 1, 2012
Many people became convinced that data releases earlier this year indicated that "recovery" in the U.S. was imminent. But as I have been saying for months, this evidence would ultimately be shown to be as reliable as sightings of Bigfoot. Lots of people claim to say they have seen it, some even produce plaster footprints, but in the end all we have is a guy in an ape suit. The economic recovery, that has been discussed so loudly and often in recent months, will be shown to be similarly mythical. 

A torrent of recent economic data now reveals weakness, and investors are beginning to take notice.  Today's release of the May jobs report showed a paltry 69,000 jobs created during the month, far below consensus estimates. Not only did the current month disappoint, but the June numbers were also revised down by 49,000. This release follows yesterday's downward revisions of first quarter GDP growth from 2.2% to 1.9%. Also lost in the headlines was that the savings rate dropped to 3.4% in April, the lowest rate since December 2007. This shows that Americans may need to deplete their already meager savings just to keep their heads above water as the U.S. economy sinks back into recession.

The bad news sent stocks swooning. The latest sell off brings the S&P 500 down close to 10% from its levels in early April. On the other hand, bonds have reached record highs as investors seek safety in treasuries.  However, I believe that treasuries will turn out to be the Facebook of safe havens.  Before Facebook went public everyone wanted a piece of the action. But once the allure wore off, and people realized they owned shares of an overhyped company with unreliable earnings and a sky high valuation, the shares quickly lost a good deal of their appeal. Despite the best efforts of the media to declare the end of gold's appeal, the metal continues to shine. Today's reportalso sent gold up nearly 4 per cent. Gold is now down just 3 per cent from May 1, a period that has been horrific for other asset classes.

Oil prices continue to slide as traders brace for a fall-off in global demand that will come from the return of a global recession. What these traders fail to understand is that the recession will likely be resisted by central banks around the world with massive money printing. Such action will be much more likely to push oil prices back up to levels higher than those seen before the recent downturn. Yes recession means consumers will use a lot less oil, but inflation created by the central banks means that they will likely pay a lot more to purchase it. 

In recent months as turmoil bubbled across the debt markets of Europe, the United States had beckoned as a safe haven. But in truth, the problems are as bad, if not worse, on this side of the Atlantic. Ironically, America has not had to deal with its day of reckoning because lesser problems surfaced first in Europe.  But when Europe comes to some modest resolution of its problems, or when bond investors realize they have jumped from the frying pan into the fire, there will be no hiding from the unresolved problems here. 

As the intoxicating effects of Fed stimulus wear off, the hangover is setting in. To delay the pain, I believe that there can be little doubt that the Fed will unleash its next round of stimulus, in the form of QE3. My guess is the Fed has always known more QE was needed but it has been waiting for the most politically palatable time to announce it. That "stunner" can't be far off with the data so bad and the elections so near. 

Eventually more people will figure out just how precarious America's fiscal position truly remains.  That's when interest rates will finally rise in the U.S. There is no way to justify record low interest rates in this country given our atrocious fiscal position. I believe interest rates here should approach levels comparable to the more indebted European countries. Once it becomes obvious just how many dollars the Fed is prepared to print to stave off recession, people running into treasuries today will likely suffer buyer's remorse. When they rethink their assumptions, as buyers of the Facebook IPO clearly have, the Fed will then become not just the buyer of last resort, but the buyer of only resort. Then the Real Crash may finally be upon us

http://m.youtube.com/watch?desktop_uri= ... ay=1&gl=CA



God love him.