Tick, Tick, Tick
Weekends once consisted of a palpable leavening of stress somewhere between Friday evening and Sunday dinner, with Barron’s thrown in there to offset the blissfully narcotic effect of the TV remote lying near one’s nose on the couch. At best, there were a couple of tap-in birdies, a robust red wine with a good nose, and a romantic encounter or a modicum thereof. At worst, the honey-do list and other chores ate into Saturday afternoon meltdown time, and cleaning up the emailbox stole some attention from Sunday’s NFL proceedings.
Weekends went away altogether toward the end of the end of September, when Hank Bazooka Paulson and Ben No-Doz Bernanke, made TARP-and-ZIRP the duck-and-cover of our economic Armageddon.
They were there on Friday nights, pre-indicating that something else big and unprecedented was running amok in the financial system. They were there Sunday mornings, announcing their latest tactic to rescue the economy from, we guess, the fate it’s suffering now.
As the lame-duck weeks have increasingly enfeebled the pulse of soon-to-be former President George W. Bush’s administrative reign, weekends made a bit of a resurgence. Transition has become mostly a spectator sport. We’re stuck in a limbo of economic and financial deterioration, and we’re reduced to applauding or decrying the Cabinet and Administrative staff appointments the president-elect has announced with chess-master calculatedness and aplomp.
The moment nears. A week from Tuesday, we’ll witness the raised right hand and look of perfectly modulated gravitas. Then, a stroke of the pen later, another trillion dollars will be sent into two years of service. Forms in triplicate will abound, and we can only wonder what the watchdogs will say about the accountability and effectiveness of the funds.
Weekends as we’ve known them, like Wall Street as we’ve known it, are gone.
A productive way to use weekend time during the waning lame-duck days is to have a look at a provocative Web seminar real estate consultant John Burns has put together, called “Unlocking the Housing Market Recovery.” The analysis ties together an astute sense of how the residential market trends and capital access trends weave together into a compelling case for a four-point program to stabilize lenders and stimulate spenders.
The U.S. is undoubtedly in the worst financial and economic crisis since the 1930s. Home prices are falling rapidly across the nation, which has resulted in more than $2 trillion in losses in the last two years. The declining stock market has wiped out trillions more. These tremendous losses have created a vicious downward spiral that requires government intervention to avoid a 1930s-style economic collapse. This problem is affecting both Wall Street and Main Street.
We have done a ton of research, talked to a lot of important people and come up with an independent and objective set of recommendations to fix housing, backed by facts. In our new research-driven report, we assess the current situation and provide our recommendations to save the U.S. economy from collapse.
John’s dulcet vocal chords will make this time almost as soothing as lying prone on the couch with the remote in hand.