I feel bad for Bernanke

Posted on March 4th, 2008 at 05:00pm  |  2 comments

Not only is there nothing Bernanke can do to prevent further meltdown in housing and erosion of the economy, but if there was he wouldn’t know what to do. From this AP article:
One of the suggestions Bernanke made was for mortgage and other financial companies to reduce the amount of the loan to provide relief [...]

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Posted under: Money Stuff

Pay No Attention to the Recession Behind the Curtain

Posted on January 22nd, 2008 at 05:26pm  |  1 comment

Stunning jump in foreclosures
The Fed cuts interest rates by 0.75%, markets around the globe take big hits over night and Heath Ledger dies; what else could possibly go wrong? How about a 421.2% increase in the number of foreclosures in California over last year during the 4th quarter. Default notices were up too. Some might [...]

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Posted under: Political Stuff

Someone forgot to refill the Real Estate ATM

Posted on August 26th, 2007 at 10:18pm  |  11 comments

There’s always a first for everything so I’m going to link to the New York Times:

Drop Foreseen in Median Price of U.S. Homes
I don’t really consider myself a pessimist, but I do pride myself on looking at the facts and coming to my own conclusions. To me the outlook of the housing market and the [...]

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My 315 cents on gas prices

Posted on April 27th, 2006 at 01:35pm  |  3 comments

Everyone is talking about gas prices, but why, I don’t see anything out of the ordinary happening. Supply is down and demand is at record levels. Pull out your remedial economics thinking cap and figure out what that means, you’re right HIGHER PRICES! People who simply believe gas prices are high because the evil oil [...]

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