Vicious circle...

"You can almost draw it out in a diagram. With home prices going down, consumers cut back on spending. If consumers cut back on spending, the economy weakens further. If the economy weakens further, fewer people are able to afford mortgages so home foreclosures increase, and home prices go down"BERNARD BAUMOHL, a managing director at the Economic Outlook Group in Princeton, N.J. Duh, who could have seen this coming???

Comments

Post a Comment

Popular posts from this blog

Guest columnist

Because I'm sorta stuck in an Anti-Bush rant.. http://www.youtube.com/watch?v=D99NHb6B03s Can you imagine all those rapper stars with these things? Of course, they'd have to have theirs with 'da bling! Can't be standard, gawd no! And of course, Britney's gotta have one in her car. Paris with her pooch totin' one on the red carpet at some fete. The boys in 'da hood will have a field day on their daily drive bys. P Diddy will wear his on a chain around his neck. You suppose there will be special pockets made in jeans for these things? Trailer trash folks will have 'em camouflaged. Jeff Foxworthy will have to come up with some fresh Redneck stuff. Think George W. will get one, each for the twins? Don't forget Dickie boy for those spur of the moment huntin' trips. Of course Ma Babs will have hers with pearls. Think it will affect the Royals? I can imagine Charles and Camilia on their fox hunt...........ah yes, and Prince Philip, too, must include the...
Read more

You think the Repub brand is tarnished now?

Image
Just wait 'til Bonehead leads us all over the cliff, to save his 2% buddies having to pay a little higher tax. The Pubs keep thinking the American public is stupid, and they can get away with their phony political crap. They keep forgetting we're not all a bunch of FOXNews sheep, who'll swallow whatever swill is shoveled to them. A once proud party, like a beast in it's death throes, striking out to harm whatever's close, threatening to shut the gov't down, (again), over the debt limit, which is just paying the bills they already ran up. Political hacks, pretending to be patriots. So sad...
Read more

Great 'bargains' at the local Sprouts store

where we picked up asparagus and baby back ribs. Carol and I went for the same stuff (serarately, today), cuz it is so good, AND a great price. Had it for dinner tonight. WOW. One of my fav dinners, as the ribs start out in the crock pot, then finish on the grill, with fresh asparagus. (and bread pudding for dessert) I LOVE this time of year...
Read more