I have been out in Cottonwood Arizona all of July. There is a little advertising newspaper here called the Ad King. It consists of advertisements and classified ads.
Reading the front cover this morning I see Arizona Central Land and Home, a real estate firm saying ”The real estate market conditions are at a peak for buying.”
To me, this is a self serving and deceptive statement. Housing will continue to fall in value as more people lose their jobs and homes. The norm today is for families to move into a relatives, or rent out an extra room, just to make ends meet.
Our congress and president can’t agree to cut government, reduce spending or anything to reverse our collision course with disaster. It’s as if the captain of the Titanic were calling for more cruising speed!
With the continued job losses, and belt tightening, the outlook for most businesses is grim. We will see continual business closings, and losses until this whole system crashes to it’s destruction.
One can only hope that the reset will allow entrepreneurship to flourish again. if not we’ll be plunged into a Socialist society, and or, the One World government people will finally thrust us all into a feudalist society of Overlords and Serfs.
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