CorpusTV.com  - Reality Check

So, Are You?

February 2, 2008. Corpus Christi - Padre Island. By: Mr. C. KIM McGuire, Coastal Area Real Estate Realtor

So, are Realtors and sellers in the dark still about the state of the Real Estate market and U.S. economy? WAKE up and get over it, and MOVE Forward!

When I heard on the radio about the WMF (World Monetary Fund) asking other countries to start spending to curtail or adsorb the U.S. economic situation, that just further subtantiated my understanding of the crisis.

I predicted back in early January the 0.75% Fed rate drop, and the 0.5% and 0.25% before that. And yes, everyone thougth I was nuts about the 0.75%. Now, I didnt' even imagine the Fed's doing another immediate 0.5% or so after the 0.75%. But, that's what the news says. The Feds are willing to do what ever to head off RECESSION. Wait a minute, are we not in a recession? EVERYONE is too scared to say it and the experts don't want to cause a panick. And the techno experts are spewing over the technicalities about when they deem or not deem to be a recession. I'm not an expert, but I do worry about the economy and the cost of fuel prices and real estate that drive the economy!

We've got summer coming and the demand for fuel will be greater. So, with the current gas prices as-is and not going down much, that means the cost of gas should go up as demand rises causing shortage in volumes. Why shortages of gas? Because the current refineries can only produce so many hundreds of thousands of barrels of gas per day per refinery. What goes in is what comes out. They can only operate 24/7. There's no 25 hours in a day! So, they can't keep up with the demand. On top of that, there hasn't been a new refinery built in mega years. Probably when the dinosaurs were roaming the earth.

So, do we freeze time and stay in the dark wishful thinking that everything is so great, or do we move forward?

My thoughts are that ONLY time and attitudes and actions of leaders and citizens will change the economy. We are currently in a psychological mayhem. And there are many people still with their heads in the sand or they don't care like any given day.

Note: Contents of this article are the sole opinion of the REALTOR. Just like anything else in life, individuals MUST use their own research, analytical, decision, and prediction skills!

KIM McGuire was a former employee of Exxon and Koch Industries. Studied economics and finance on the side. No wiz though... just common sense!