Re: Boomerang Buyers[ Edited ]
10-17-2011 12:32 PM - edited 10-17-2011 12:38 PM
Yes, I imagine the WSJ would LOVE to write a spin piece about how the economy is improving. And they want to write this piece 2 days after the biggest Occupy Wall Street movements across the the whole world have occurred? Glenn says "It's a hopeful piece, about redemption and recovery". Yeah, right--it's Wall Street that's looking for redemption. I'd love to think the powers that be are getting a little nervous and this article is part of their marketing campaign. This IS Rupert Murdoch's rag, after all.
Seems a little cynical to me. I imagine the piece would take a few weeks to get put into print, and I doubt it's a response to any of the Occupy Wall Street stuff.
Possibly cynical, but have YOU heard of anyone who in a position to buy now after having strategically defaulted? I just think that as the mouth piece for Wall Street, the WSJ would serve a lot of interests if they could argue (convincingly) a rebound in the housing market via so-called boomerang buyers. I don't see it happening though (the rebound--not the article).