Real estate prices are down substantially, and many foreclosures and short sale opportunities are out there for the picking. We are certainly in a buyer’s market. But is this the time to buy? Or will prices head even lower?
I told my readers to short oil when it was at $120 per barrel on April 23, 2008. I was a little early to the party, but oil did drop below $33 a barrel in December of 2008. Now, I think oil has bottomed and is about to head higher.
Investors around the world are still standing in line to buy our short-term government securities. But China’s exports have plummeted, so they no longer have money to lend us. And oil prices have dropped sharply, so OPEC doesn’t have as much to lend us.
By Ted Peroulakis | Mon, Apr 6, 2009
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