Showing posts with label Housing Market. Show all posts
Showing posts with label Housing Market. Show all posts

10/26/2011

Sowell: Washington Meddling Created Conditions For Housing Crash, Not The Banks

Posted by Brian

Thomas Sowell: Washington's Meddling Wrecking Economy

Tuesday, 25 Oct 2011 05:56 PM
By Jim Meyers and Ashley Martella
Economist and author Thomas Sowell tells Newsmax that banks and businesses are sitting on piles of cash because they’re concerned about “what new bright idea” Washington might come up with to “mess up” their investments.

Sowell, a senior fellow on public policy at the Hoover Institution at Stanford University, says he would like to see a constitutional amendment barring politicians from intervening in the economy “under any circumstances.”

Sowell is also a syndicated columnist and winner of the National Humanities Award. His latest book, “The Thomas Sowell Reader,” is a compilation of his writings on various issues over the past three decades.

In an exclusive interview with Newsmax.TV, Sowell was asked who is to blame for the dire state of the American economy.
Read More at Newsmax




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6/02/2011

It's Official. Double-Dip Housing Recession. Financial Markets Next?

Change of the Case-Shiller Home Price Index re...Image via Wikipedia
Posted by Brian
It has been whispered for most of the last year.  A thing nobody, except maybe the current administration, wanted to consider.  A second, longer, and deeper downturn in the economy.  The housing market has now officially been declared as being in a double-dip recession.  The question now is whether this will now begin to spread to the financial markets , and then the manufacturing and retail sectors. The word "depression" is now starting to be used.  How's the hope and change working out for you now?
I work in the manufacturing sector, and regardless of what this adminstration and the media is reporting, the numbers are beyond dismal.  They suck. Furloughs are back in an attempt to save jobs.  Inventories are increasing, and sales are decreasing.
Folks, hang on to your ass for at least the next 18 months.

Double-Dip Housing Recession Confirmed

S&P's Case-Shiller home price index drops in 19 of 20 metro areas. Only Washington D.C. escaped housing value drop year-over-year.
By Jason Knott
May 31, 2011

There is more discouraging news for integrators looking for the housing market to bounce back.

Housing prices in the U.S. fell in March for the eighth consecutive month, and one key index has officially declared a "double-dip" housing recession.
READ MORE HERE--->  http://www.cepro.com/article/double_dip_housing_recession_confirmed/

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