April 30, 2007

US Treasury Secretary Henry Paulson goes on record, calls housing crash bottom

Ha.


Ha ha ha ha.

Ha ha.

Ha ha ha ha ha ha ha ha ha ha ha.

Ha.

Ha ha.

Ha ha ha.

Treasury Secretary Henry Paulson delivered an upbeat assessment of the economy, saying growth was healthy and the housing market was nearing a turnaround.

"All the signs I look at" show "the housing market is at or near the bottom," Paulson said in a speech to a business group in New York. The U.S. economy is "very healthy" and "robust," Paulson said

34 comments:

Frank said...

I guess TCDL is his new speechwriter?

Ben Franklin said...

Didn't Bush declare "Mission Accomplished!" in Iraq a few years ago? And we see how well HIS prediction went....

Anonymous said...

Henry Paulson is a committed christian. A Christian Scientist.

Isn't it sad how even people like him, who you would expect to be so principled, are prepared to sell their souls in their grasp for power.

a.creampuff said...

Well "all the signs I look at" are For Sale signs, Henry.

FlyingMonkeyWarrior said...

He thinks he can stop the Housing cash hemmoraging the way Moses parted the Red Sea, speak it and they will listen and start buying homes again.

Anonymous said...

Their spin/words can only distract the masses from the gravity of the reality of the mess for so long. The Silent Spring of 07 combined that will result in a Summer/Fall collapse in the Housing market (homebuilder bankruptcy/mergers to survive, a foreclosure tsunami, the compelling need for a bailout in the 100's of billions and a GDP contraction due to housing/mortgage market "spill-over" (which is just more spin) while inflation continues to rise will case "stagflation". Stagflation in the 70s/80s had to resolve itself because the gov't cannot counteract this phenomenon. It took a decade to resolve so we need to expect that for the next decade. Good luck.

Anonymous said...

I've heard something like this before. Translation: economy weakening substantially and the housing crash has just begun.

Anonymous said...

puppets on the stage.they do not want the suckers to get out of the market yet.....watch as they drive it to 14000.....all those people with their retirement savings in those mutual funds......my my......it is called fleecing the sheep. and the fleecing is about to begin.

Anonymous said...

Is the man a fool or a shill?

His record thus far indicates that he is not a fool, therefore.........

Anonymous said...

Ben, don't forget "we will be greeted as liberators."

Anonymous said...

The United States BORROWS 2 BILLION A DAY because it can NOT pay its bills. Some strong economy. The only way the housing market is comming back is if interest rates come down or housing prices come down.

bub said...

Lying Sack of Sh@t!

I said it and I feel so much better.

Anonymous said...

#1 to remember about Paulson: He cashed out big time when he left Goldman Sachs.

Anonymous said...

This is the same idiot who belives in a "STRONG" US dollar.


HAHAHAHAHAHH ROFL!!!!!

Watch what THEY DO, NOT what they SAY!

Anonymous said...

When they quit calling the bottom in a few years. THAT is when the bottom may be in. Personaly I give it at least 5 years.

devestment said...

He could be right. It could be one of many false bottoms required to extract all that excess cash.

Anonymous said...

The market believed him when he made that little speech. Prices were declining nicely that day on the HB's and then I had a WTF moment when it did an about face.

Anonymous said...

:A Christian Scientist

Isn't that a form of faith healing?

If so then it's consistent with fortelling market bottoms w/o proof.

Anonymous said...

When the prez has to trot out the Treasury Secretary to say everything is A-OK, that's a sign of panic.

What signs is Paulson looking at to determine we are near the bottom of the housing market? The skyrocketing home inventories and foreclosures? The subprime and Alt-A lender meltdowns?

We're only getting started, Henry!

For the record -- "Christian Scientists" are NOT Christians. They think highly of an alternative "Bible" by Mary Baker Eddy, which is its own kind of wackiness. They are not to be confused with "Scientologists".

Veronica Lodge said...

"All the signs I look at" show "the housing market is at or near the bottom," Paulson said in a speech to a business group in New York. The U.S. economy is "very healthy" and "robust," Paulson said.

Apparently he missed these signs:

DEAD END

DANGEROUS CURVE AHEAD

ROAD WASHED OUT

SPEED BUMPS AHEAD

PREPARE TO STOP

V.L.

Anonymous said...

John sez:

Hank Paulson -- the doctor of my dreams -- with those crinkly blackened eyes that seem to whisper "FIRE - WALK WITH ME."

http://tinyurl.com/3ayk46

Batman said...

Anon 9:50:

Sorry, `not seeing the link between Christian Scientist and "moral" there. Please clarify.

buyerwillepb said...

Isn't that the same thing the Communists in the Soviet Union would say every year?

Anonymous said...

Oooh, apocalypse now!

1) Henry Paulson was revoltingly paid CEO of Goldman Sachs and now Treasury Secretary, and he wasn't even Jewish!

2) Diesel fuel fire (Diesel == Jet fuel plus lubricants), indeed DOES melt steel and result in catastrophic collapse of concrete-steel structure! Even with dark smoke!

What will happen to the brains of the conspiracy morans now?

At least we'll always have Darth Cheney to kick around.

Anonymous said...

BULL BULL BULL

honica jewinski said...

Shit, I just wish prices would at least START to come down around here.

Anonymous said...

This white house brings new meaning to;'home of the whopper'!!!

They will go down in history as the administration that; 'left no lie untold'. LOL

Anonymous said...

As Bill Cosby once said "Yea Right" (emphasis on the Right).

Doktaire said...

Just two words, "Wishful thinking".

Maybe they are trying desperately to delay the recession until after the '08 election, good luck with that.

Mort said...

They have the ear of God. They are very smart too. (vomits)

Kali ExPat said...

These liars-for-hire are nuthin' but PR spin-doctors selected from the Banking Cartel/Global Corporate Piracy Club that would torture their Mommas for a stock option.

Remember, this same club picked Dumya Bush II to be the PR puppet for the War machine...DUH!

Quick interpretation: The RE crisis has started to gather steam and will bring this nation to its proverbial knees.

Perhap, just perhaps, the middle class will wake-up before their sleeping in the streets, refuse to believe ANYTHING the DemonRAT/GOPher parties spew out of their pleasure orifices and put REAL public servants in office.

Somehow I doubt the human race has the combined brain-power to pull off another 1776, but hey I'm sure the first King George thought that too! ;-)

Shakster said...

Another Dikhed.Bet america buys it for the 15th time running.Who's that turd next to him?George Who?
It takes a willing country to let it all happen though.

Anonymous said...

Paulson is just a shill for Wall Street. He knows things are bad, but is he supposed to tell everyone that the sky is falling? Wall Street or Washington DC have no credibility

Anonymous said...

Prices in bubble areas must drop by over 50%. Prices in other areas will remain flat to down for at least 10 years.