HousingPANIC Stupid Question of the Day

What do you think we are more likely to see coming up:

A) You can keep your job, for the time being, but we'll need to reduce your salary 25%, and eliminate one of your vacation weeks

B) Sure, you can have a 10% cost of living adjustment raise and your job here is safe!

C) We're gonna have to let you go. There will be no severance. Have a nice day.

HousingPANIC Stupid Question of the Day

What are the chances you'll lose your job or income stream during this economic downfall?

What do you do?

The bond market is now correctly starting to price in Fed rate cuts and a recession. How soon until stocks catch up?

Treasuries are ``priced for calamity,'' said Brian Edmonds, head of interest rates in New York at Cantor Fitzgerald. ``

Here's CNBC video of Ron Paul questioning Ben Bernanke - "How long can we fool the world?"

Here's the video link

Housing Crash

Ron Paul

Ben Bernanke

China

US Dollar

Boy, has it all come together HP'ers or what?

Play the full 9 minute video, RP starts half way in

RP brings up out of control credit, the monetary system, living off of credit creation, the destruction of the manufacturing sector, the dollar downfall, inflation, war spending, borrowing from China, and asks an annoyed Bernanke "How long can we fool the world?" and asks him if he has his fingers crossed.

Ben tells RP that he's right - we're living off of borrowing from foreigners and that that is not a sustainable situation.

I'd guess less than 1/10000th of 1% of people in the world watched this today. So consider yourself informed.