If you’re like me and don’t know exactly how we got into this mess, Kiplinger.com has a good step by step article on how it all went down. While I’ve not looked at prices of houses and home sales numbers lately specifically, my gut feeling is that a lot of houses are still on the market and prices are still dropping.
In a disappointing failure, Bush’s $700 million bail out has just passed. As a taxpayer I’m not happy that I’m going to be paying for someone else’s mistakes. As an investor I’d be happy to pay if I knew I was going to make money off of it though.
I believe that things are going to get much worse before they get better, and I’m not the only one worried
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[...] The vitriol against Obama’s win is still heavy though. Messages of doom and gloom on an Armageddon scale abound. This is of course despite reports of the previous administrations performance. [...]
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