My thoughts: The bottom in housing may not be here yet, and will probably take longer to achieve than most expect. But news like this means we are getting closer…. ————————————————————- You bought at the peak of the market. You put next to nothing down. (Maybe you even took out one of those 105% LTV [...]

Foreclosed homes are being damaged at a high rate as homeowners take out their anger on houses before they are forced to move out, increasing the costs for the banks that take back ownership (because they have to sell at a lower price as the new buyer has to pay for repairs. Is this just [...]

Berkshire Hathaway Inc. Chairman Warren Buffett, who has used dozens of acquisitions to beat every major U.S. stock index, is poised to extend his lead with more than $40 billion to spend as the credit crunch sidetracks other bidders. With the U.S. on the brink of recession, investors expect Buffett to deploy Berkshire’s cash to [...]

Recently, broad based selling swept through the energy, grains, livestock and metals markets…. Has the commodity bubble burst, or is this just another short term correction in a continuing long term trend? The current situation is similar to what I described late last