"The number of buyers who signed contracts to purchase homes dropped in May to the lowest level on record, a sign the housing recovery can't survive without government incentives" link: The Irreversible Death Spiral
This tells me that the Fed/Govt will soon start throwing trillions of manufactured paper money into the system, perhaps even sooner than I anticipate. Gold will soon start anticipating this policy action.
Thursday, July 1, 2010
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