Existing Homes Sales Expected To Crash More

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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
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Oil Could Reach $200 A Barrel

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 [...]

AP Poll: Mortgage Payments Worry Many

Apr 14, 3:26 PM EDT

AP Poll: Mortgage Payments Worry Many
By ALAN FRAM
Associated Press Writer
WASHINGTON (AP) — One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home’s value is shrinking, according to a poll showing widespread stress from the [...]

2007 Mortgage Meltdown

Double-digit home price drops coming
 By Les Christie, CNNMoney.com staff writer - September 19 2007: 3:24 pm
NEW YORK (CNNMoney.com) — Over the next few years, more than three-quarters of the nation’s housing markets will suffer some decline in home prices. Many will experience double-digit hits in a forecast that has worsened considerably in recent months.
According to [...]

Recent Economic Growth Was Funded by Debt

Over the past six years, the U.S. economy has not grown much.
Relatively little growth of only $3.4 trillion in aggregate gross domestic product (GDP) was created compared with $2.7 trillion in the previous six-year period, when the starting point was much lower.
What growth has occurred has been funded by a $6 trillion increase in household [...]