Monday, May 9, 2011

housing prices going down to 1993 levels

I'm not sure if I've stated this before, but I feel housing prices in the US alone will go down to 1993 levels. Levels before that Internet boom that made people billions of dollars in just a few years.
Things were great in 1999, people who invested $5,000 in the right stocks in 1995 or so, watched their portfolio explode on this new "Internet". Businesses were spending money like it was going out of style. If you were to walk into a Satples or Office Depot location, you would have to wait on line to pay for something for maybe 10-15 minutes.
I did not have to worry about people booking for taxis and limos going to the airports based on prices, I could throw a ridiculous fare and they would say, okay, put in on this credit card.
Then, in the summer of 2001 is when I noticed a little slow down with corporate travelers. When 9/11 happened, that nearly put us out of business. We had 3 cars on the road and one 12 passenger van. If it weren't for 1 lady, who had to travel from Irvington, NY to New Jersey and back, everyday, we probably would have had to shut down within a few days after 9/11. Cash flow nearly came to a halt. I had to make sure each driver had a turn takling her to NJ, just so they could make the $15 or so tip.
So here we are, fast forward to 2011. The stock market crashed, what, 2 times. Our economy is hanging by a thread, staying a float with extra cash that has been printed by the federal reserve. So, now the price of gasoline is high becasue simply, one reason, we are getting less product because the American dollar is worth less.
I had predicted more "wars", that's happening. I have mentioned more earthquakes and Tsunamis. I want to comment that there are hundreds of earthquakes a day no this earth, but will soon see major ones in places that we have been told there is a small chance of a tremor, like New York.
I have a terrible

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