muses of the moment

May 14, 2014

Some good articles

Filed under: Housing Market, Real Estate Investments — totallygroovygirlfriday @ 12:26 pm

groovygirl found some interesting news reports. Good info to keep in mind as we move along this overall decline.

Click here for where the non-students are getting their consumption money since the housing crash.

Americans withdrew about $57 billion from 401(k)s and IRAs in 2011, paying about $5.7 billion in early-withdrawal penalties to the Internal Revenue Service—an increase of 37% over the previous decade.

$57 billion in one year! There are some troubling truths and consequences from this revelation. Some people have probably taken early retirement money, they lost their jobs and are close to retirement age. Some people are maxed out on credit cards, debt availability, and their house as a ATM; retirement money is their only option. Not only are there penalties for early withdrawal, that money will not earn any returns for the real retirement years. We are going to have a lot of homeless, sick, and poor old people in the coming years. This will be a huge socialital problem. Either they will be forgotten or the younger generation will have to pay for them and will not have any extra money of their own to spend on consumer products. The less money in 401ks, the less money for money managers, banks, hedge funds, insurance companies, stocks, and bonds to play with.

Click here for the stress on the US housing market.

All-cash deals hit a record 43% of home sales during the first three months of 2014, according to RealtyTrac. That’s up from 19% a year earlier and the highest level reported since RealtyTrac began tracking the deals in early 2011.

Groovygirl can personally attest to this new trend. Cash will only last so long (even money from coming in from abroad), then there will be no buyers, cash or otherwise, forcing prices down like we saw in 2008-2011. This is a confirmation of Martin Armstrong’s long-term Real Estate Cycle for a further decline from 2015 thru 2032. This is what a debt collapse looks like in the US housing market. Periodic fire sales coming for the next two decades.

Click here for things that make you go, hmm….

Following are the names and circumstances of the five young men in their 30s employed by JPMorgan who experienced sudden deaths since December along with the one former employee. (See link above).


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