United States Is Experiencing It’s Worst Real Estate Market And Overall Economy In History And Anybody That Doesn’t Believe It Is Living In Wonderland Without It !!
For approximately the first 228 years of our country’s history the Economy Fairy was, for the most part, extremely generous to the U. S. real estate market and overall economy. By waving her magic wand and consistently sprinkling her demand exceeds supply dust she enabled America’s real estate market and overall economy to grow, prosper, and remain relatively healthy for a very long period of time. Simply stated she allowed the consumer demand and supply absorption process to take place for approximately the first 228 years of U. S. history. However since the year 2004 she has been anything but generous to America. In fact she has been outright vicious and mean to the U. S. real estate market and overall economy. The reason is that she has disappeared. Why did she disappear? The birth of massive payment delinquencies, in late 2004 and early 2005, drove her away because they led to the development and continuation of many, very serious, and monumental Financial Problems that collectively represent the Financial Crisis that the United States is now experiencing. So it’s not the Economy Fairy that we have to blame for the Financial Crisis. Instead it’s the birth and continuation of massive payment delinquencies that we have to blame for it. Right? Wrong! Actually the Economy Fairy is substantially responsible for the Financial Crisis because she sprinkled far too much demand exceeds supply dust on the U. S. real estate market and overall economy between the years 1998 and 2004. This excessive sprinkling led to record breaking amounts of consumer borrowing and spending which as we now know led to record breaking amounts of massive payment delinquencies in all consumer debt level categories. When the Economy Fairy consistently sprinkles moderate amounts of demand exceeds supply dust she’s a good Economy Fairy but when she sprinkles too little or too much of it she’s a bad one.
The Economy Fairy Is Not Coming Back
Anybody who really thinks that the Economy Fairy is going to fly out of the clouds any time soon and wave her magic wand and sprinkle her anti: 1) massive payment delinquency, 2) Recession, and 3) Depression dust and make the U. S. real estate market and overall economy alright again overnight is living in fantasy land. The truth of the matter is that the Economy Fairy left the United States, Earth, and our Solar System in late 2004 or early 2005 when the first wave of massive payment delinquencies started. As I’m writing in early 2008 she is now about 5 Solar Systems away from ours and is not coming back for a very long time. In fact she may never come back. Therefore the only Economy Fairy Americans, their businesses, and the government can now depend upon to get the U. S. real estate market and overall economy stabilized and gradually back on positive tracks is that little thing between everyone’s ears known as their brains. If we don’t start using them very quickly and very successfully then we won’t have to worry about using them at all. The reason is if we don’t start using our brains the U. S. real estate market and overall economy will continue to deteriorate indefinitely. As I have said repeatedly, this deterioration will then result in millions more Americans and their businesses becoming victims of Recessions as well as Depressions courtesy of the spreading economic aids virus. This is exactly why the government of the United States must very quickly and very successfully create, adopt, and mandate the implementation of new, revolutionary, state of the art, and management to prevent crisis Business Practices that will not only cease the existence of massive payment delinquencies but also prevent them from increasing in the future. The only way to accomplish this is for the government to create a new serum (business practices) that will kill the spreading economic aids virus both very quickly and very successfully.
There is no doubt that massive payment delinquencies have caused many, very serious, and monumental U. S. real estate market and overall economic Financial Problems to develop. These delinquencies have truly proven to be a very powerful, deadly, and horrific enemy of the U. S. real estate market and overall economy since the year 2004. Believe it or not these delinquencies have also been a very powerful, deadly, and horrific enemy of the U. S. government as well. Let’s find out how right now.
Respectfully, Phil Mitsch
America's Economic, Real Estate, Lending And Motivational Coach
Real Estate Industry's All Time Top Producing Residential Realtor
2011 New Jersey State Senate Candidate
Cherry Hill, New Jersey
The above article is an excerpt from Phil Mitsch’s America’s Financial Crisis Solutions Book. This book reveals very detailed information concerning 1) the real truth about the current horrific condition of the U. S. real estate market and overall economy, 2) reasons why America’s real estate market and overall economic financial crisis began, and most importantly, 3) solutions that will enable America’s real estate market and overall economy to get back on very prosperous tracks.
Phil Mitsch has over 6000 1) U.S. Economic Crisis Solutions, 2) Home Buyer, 3) Home Seller, 4) Real Estate Professional, 5) Mortgage Professional, and 6) Life Lesson Tips that can be found in his 70 Books that comprise his 8 Training Systems. These Systems can be found at http://PhilMitschForAmerica.com.