900 billion dollars going to work right away.

Huge positive. Weak dollar and inflation = Manhattan owner dream.

It's only positive for those in Assets (housing, stocks & Commodities).
It's simply not safe in cash (USD) and the Fed's been saying it for over 2 years.

http://www.finviz.com/futures_charts.ashx?t=DX&p=w1

We're heading into some form of currency crisis and the status of the USD as a reserve currency will be in questioned.

And therein lies the bubble. All that money is not going into the economy - it's going into speculation.

Expect another flash crash, which is what happened the last time they did this.

"Expect another flash crash, which is what happened the last time they did this."

And what proceeded after the flash crash? Higher prices. Another buying opportunity.
Word of advice. STOP TRYING TO PICK A TOP ON THIS MARKET. Haven't you lost enough money yet shorting commodities and stocks?

Buy a place.
Buy some gold too while you're at it.

Here's a snippet from yesterday's FOMC meeting.

"The FOMC intends to buy an additional $600 billion of longer-term Treasury securities by mid-2011 and will continue to reinvest repayments of principal on its holdings of securities, as it has been doing since August.

This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion."

"Weak dollar and inflation = Manhattan owner dream."

I wonder when the Hot speculative oversea money start to pour into Manhattan Reit. You know it's just a matter of time with the rate USD is dropping.

fed bot 1.2 trillion in 08/09--same rhetoric etc--now they buy 600 bln more--and predictably ericho is all bulled up for US assets

desperate for another bubble, bernie is

ongoing outlook for dollar is shit--you think foreigners want to buy illiquid NY RE?

in LIC? at Powerhouse

Wbottom?

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHA

Try

VBottom!

"in LIC? at Powerhouse"

Prices are in the 650psf now.
That's up 18% from 550psf March of 2009.

:)

So you fking admit it hit $550psf. Ericho, do you feel taller on a sailboat at high tide? Flmaoz.

"So you fking admit it hit $550psf."

Never denied it.
It's in ACRIS son.

what did you pay psf??

http://www.commoneo.com/arya/pictures/Main/Recessions_Over_by_Politico_2010_comments.html

> Manhattan owner dream.

Manhattan stock owners, sure.

Apartment owners... nope. We haven't even finished falling. Studios and one bedrooms fell *again* (2 beds flat) and 3+ are down 37-50%

"ongoing outlook for dollar is shit--you think foreigners want to buy illiquid NY RE?"

Agreed. So, what's next next: Icelandic saga?

dwell. At least obama's congressional agenda will be stopped now. His attempt to bring down America to it's proper place will continue.

Also dwell, Do you think the first lady is still proud of America?

http://www.youtube.com/watch?v=StbxgDD9Fts&feature=player_embedded

Hi Julialg!!

Thanks, River.
I think this's a good one too:
http://www.youtube.com/watch?v=uwhMVB0XzPU&NR=1&feature=fvwp

I'm sure I sound naive, but what can we do to stop this now? We have no power over the fed, right?

riversider and julia the ugly one have all the power you'll need.