Where are we going?

Two significant signposts presented themselves Sunday when Capman, a commercial real estate lender valued at $20B in assets, filed for bankruptcy. The big banks are the ultimate holders of the liabilities. I see a fresh round of scrutiny coming with them. Also, noted in this article was that commercial property defaults played the significant role in the 106 banks failures that have occurred so far this year.

Housing sales and prices rise for three straight months. Lets see if this trend continues when the $8,000 tax credit for first time home buyers end next month. Given what happened with car sales after the 'cash for clunkers' ended it makes sense the same will happen with housing. The government can only prop things up temporarily. At some point we have to 'face the music.' We can dance or stay on the sidelines. I think it is better to participate. :)

Consider this statement: each of us has everything we need to get what we want. Take that to the next level beyond only the material.