In a world turned upside down by events and politics, you never know what you’re going to run into. If there’s one consistent thing, it’s the inconsistency of everything. Who can explain the economy? Who can explain the campaigns? The political shows on TV are filled with pundits who yell and scream over each other, trying to make their respective (and widely divergent) points. I think they do provide a source of information. But, there are (I’m sure) voters who decide who they support, based on some “talking point” shouted into a microphone by a pundit.
Let’s agree, shall we, that the economy is pretty much tanking right now. I don’t care if employment was up a bit last month. I don’t care if the jobless figures are holding steady. People are losing their homes, they can’t keep up with their bills because expenses are going up way faster than paychecks and there’s no “quick fix” on the horizon.
Home prices to start three-year freefall?
There is a “substantial” risk that U.S. home prices will slide for the next three years or more, in a downturn that could be unlike anything seen before on a national level, Morgan Stanley said on Thursday in a report. Price levels of the RPX Index, a derivative index based on home prices in 25 U.S. metropolitan residential property markets, indicate an expectation that prices will decline for the next three years, with a recovery likely to [...]
So who’s the most disgruntled by George Bush’s new plan to address the subprime mortgage fiasco? Borrowers and consumer advocates, who say the plan is too stingy and shuts out low-income victims? Or careful consumers, who are [...]
Even more disheartening, this prediction that the Bush Administration’s little plan will help few and likely make the problem worse. Yup. That’s right. So much for a bailout..
If you watched Fox and Friends this morning, you might be shaking your head, giving me a little “tsk tsk” for being so negative. After all, THEY found the silver lining to all of this!
Putting a Happy Face on the Housing crash
Leave it to the cheery trio at FOX and Friends to find the silver lining in the current housing downturn this morning 12/7/07. They had to misrepresent a few facts but the message was clear: hang in there, it’ll all blow over soon. With Video [...]
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