The year is beginning to wind down and I’m looking forward to closing out my Forex trading with at least one position in AUDUSD and possibly a second in EURJPY if my buy order gets triggered when London opens. All this intervention by the banks can’t stop the overall trend for currencies until they [...]
Whoever came up with the idea that the United State’s economy can “decouple” from the global economy had their brains decoupled from reality. For all the “we are one world” jargon they spew, they seem to forget that the biggest and most powerful linking agent among us all is global trade and the economy. [...]
My Engineering buddies in New Mexico and Kansas have reported and the news is mixed. My buddy in Kansas indicates that he’s really busy with public sector work but slow with private work. His outlook is neutral to up. A few States over, my New Mexico buddy is telling me that he’s [...]
Will we be able to stay out of the financial dog house? Maybe, but only if 10 year yields can stay below 4.5%! Why 4.5%? If you look at the chart below, the RE market took off right around the time the yields dropped below 4.5% in late 2002. Subsequently, the RE market [...]
To build on yesterday’s post, I called a few more of my Civil Engineering buddies yesterday, one resides in California and other in NJ. Both gave me conflicting reports on how active their phone has been ringing. My NJ buddy told me that his phone has been very active but its because owners want [...]
I’ve been in the Civil Engineering business for over 13 years now and I work on large transportation related projects such as light rail, roads, subways, etc. I recently left my old job because they weren’t winning any work and I had nothing left to do. I thought this was strange because engineering [...]
I’ve been laying low for a while now with respect to buying and flipping foreclosure properties. You might think that I’m nuts because everywhere you turn now you see and hear about the parabolic rise of foreclosures in this country and the end of the RE world.
Although foreclosure activity has picked up [...]
