Thu, 20 Dec 2012, 1:41am PST
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I think that the market is LESS healthy now than it was in 2005. It was getting pumped full of uppers then, it crashed and now it is lying half-dead on government life support. The thing is that the government can keep it zombified for a very, VERY long time. I think that we all need to say hello to and accept our "new normal."
Thu, 20 Dec 2012, 2:38am PST
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There is a reason why this commentary was voted best of all time on pat.net. Because it's true:
If you put enough arm into it, any dead cat will bounce, even appearing lively for a moment as it leaves the sidewalk.
When an entire industry is vested in making the dead cat appear convincingly vital, really anything can happen for a month or two.
When the whole federal government has thrown everything it and the Wall Street psychopaths can muster to keep the bubble inflated, the cat may even blink momentarily.
Thu, 20 Dec 2012, 3:00am PST
AF, you are correct. At this point, the housing market is just the dead cat's tail, which can easily look animated as our deceased feline friend rebounds off of the pavement. The actual dead cat is our entire economy, no?