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Don't Quite Have this Bull-Shilling Thing Down

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Michael J. Panzner
Financial Armageddon
Published : July 26th, 2011
109 words - Reading time : less than a minute
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Category : Crisis Watch

 

 

 

 

I can't beat 'em, so guess I'll join 'em.


Hey look, it's a bull market...




...in the shadow inventory of actual and prospective foreclosure properties sitting on banks books.


Wait, what? Sounds like a heck of a lot of supply that can suddenly hit the market. That's not so good, is it?


Oops, I guess I need to work on my bull-shilling skills.


The truth is, unlike those highly paid "experts" who keep talking about a housing recovery being underway, I still haven't quite figured out how to spin worsening fundamentals into an improving outlook.


(Chart courtesy of Laurie Goodman at Amherst Securities, via The Atlantic)


Michael J. Panzner 

 

 

 

 

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Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
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