Posted on May 6, 2008 by MoneyBob
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Existing home sales ticked downward in March, with much of the decline concentrated in the mid-west and the south.
Sales are now off 32% since June of 2005 and inventories remain stubbornly high.
As recession fears continue, downward pressure will likely remain for some time to come
Jim Stack of InvesTech Research
By the way, check out [...]
Filed under: Credit Crunch, Economy, Middle Class, Mortgages, Real Estate, economics | Tagged: Life, Real Estate, Sucks | 1 Comment »
Posted on May 6, 2008 by MoneyBob
Goldman’s Murti Says Oil `Likely’ to Reach $150-$200
By Nesa Subrahmaniyan
May 6 (Bloomberg) — Crude oil may rise to between $150 and $200 a barrel within two years as growth in supply fails to keep pace with increased demand from developing nations, Goldman Sachs Group Inc. analysts led by Arjun N. Murti said in a report.
New [...]
Filed under: Economy, Middle Class, economics | Tagged: Cash, Economy, Gas, Gas Pump, Life, Money, Oil, Personal, Personal Thoughts, Prices, Recession, Work | No Comments »
Posted on May 6, 2008 by MoneyBob
Go ahead and read those apocalyptic books on the economy if you like a good scare. But be sure you recognize fiction when you see it.
By Jim Jubak
If fairy tales express our deepest fears, then investors must be on the verge of a psychotic breakdown.
The current crop of financial gloom-and-doom books carry titles such [...]
Filed under: Bankruptcy, Credit Crunch, Dooms Day, Economy, Foreclosure, Inflation, Interest Rates, Market History, Real Estate, US Dollar, economics | Tagged: Best Doom Sellers, Credit Crunch, Dooms Day, economics, Economy, Life, Personal, Personal Thoughts, Work | No Comments »
Posted on May 6, 2008 by MoneyBob
A CNN/Opinion Research poll shows that the nation is becoming more convinced the economy is in a nosedive.
By Catherine Clifford, CNNMoney.com staff writer
Last Updated: May 6, 2008
NEW YORK (CNNMoney.com) — A new poll shows that more Americans than ever before think the economy is in a recession.
A national CNN/Opinion Research Corp. poll released Tuesday found [...]
Filed under: Credit Crunch, Economy, economics | Tagged: economics, Economy, finance, Life, Personal, Personal Thoughts, Recession, Thoughts, Work | No Comments »
