NO one sees what KILLED them!

It is quite apparent from the following article that neither the US Home Builders nor FED Chairman Bernanke have the slightest clue as to what it was that hit them in 2006-2008, and what is YET TO HIT THEM again - for the second time!

Namely, the World and US economies and the US Home Building industry were hit in 2006 – 2008 by ONLY the first of three waves of the Super Tsunami “Kondratieff” Long Wave Deflationary Depressive Economic SUPER STORM!

I believe they just might begin to realize (when they are drowning in the second wave's onslaught, in not that many months from now) that this current downturn is NOT CYCLICAL, BUT THAT IT IS SECULAR and has just begun to sweep all the world’s economies before it!

Are you and your company ready for the coming economic chaos that will horrifically affect all of the DCBF’s buying patterns, habits and inclinations for the next three decades?

If not, you had best subscribe to our inaugural Market Review and Quarterly Updates, because it is now becoming quite obvious that no one does see what is in store for them.

But they will, after the buying bubble associated with the “Great Deception of 2012” does wear off and the second of the three waves of the Super Tsunami “Kondratieff” Long-Wave does sweep or’ their heads!

Bernanke: Housing Holds Back Fed Efforts

Bloomberg; By Joshua Zumbrun and Steve Matthews - Feb 10, 2012 2:27 PM ET

“Federal Reserve Chairman Ben S. Bernanke said the central bank’s efforts to spur economic growth are being blunted by impediments to mortgage lending, and he called for further steps to heal the housing market.

“We have helped lower mortgage rates to the lowest point in many, many decades,” Bernanke told homebuilders today in Orlando, Florida. “Yet we are not seeing as much activity as we would like to see.”

Bernanke, who repeated that the pace of the recovery has been “frustratingly slow,” didn’t discuss the outlook for monetary policy. …The state of housing and mortgage markets may also be holding back the recovery of our financial system and the normalization of credit conditions,” Bernanke said today to the National Association of Homebuilders International Builders’ Show.

Referring to the high standards of lenders following the housing bust, Bernanke said that “some tightening was no doubt necessary.”

“That being said, the pendulum has probably swung too far in the other direction by this time,” he said. “Conditions are still too tight for the health of both the financial system, for the construction industry and for our economy. ”

…Existing home sales climbed to a 4.61 million annual pace in December, up from 3.3 million in July 2010, the worst month on record, according to the National Association of Realtors.

Bernanke said foreclosed properties in poor condition that aren’t likely to attract buyers could be dealt with by land banks, government entities that have the ability to purchase and sell real estate, clear titles, and accept donated properties.

“Properties may be rehabilitated as rental or owner- occupied housing or, in extreme cases, demolished,” Bernanke said today. …The Fed chief also said he sees “potential” in programs that convert real estate owned homes -- those that are owned by banks after foreclosure -- into rentals.

Pretty Large

“In order for this to work, you have to have pretty large numbers of homes acquired,” Bernanke said, and that a program to provide financing for such conversions could be beneficial.

Sales Improved

Confidence among U.S. homebuilders rose in January to the highest level in more than four years as sales and buyer traffic improved, according to the National Association of Home Builders/Wells Fargo sentiment gauge.

“Chairman Bernanke understands the situation in housing,” said Barry Rutenberg, a Gainesville, Florida homebuilder who is chairman of the National Association of Home Builders and introduced Bernanke to a standing ovation. “This group is not normally, not always that warm and fuzzy.”

The Standard & Poor’s 500 Homebuilding Index has increased 23 percent this year.

“Simply put, our business feels more positive,” Donald Tomnitz, chief executive of D.R. Horton Inc., the largest U.S homebuilder by volume, said on a Jan. 27 earnings call. “We are entering fiscal year ‘12 feeling better than we have in six years and it’s been a long six years.”

Did anybody tell Mr. Tomnitz that we have 18,000,000 EMPTY or ABANDONED living units (of which the vast majority are stand-alone houses) in the United States of America right now?

Why don’t all these ‘numbnutz” like Tomnitz (that got us and them in this mess), go and work at Wendy’s and McDonalds, where they are really needed and their skill-sets can be fully exploited to the benefit of the rest of us?