honestly_think

3 Comments

"Reluctant Banks" Let Defaulted Borrowers Stay in Homes [view article]
Well, I think foreclosed houses are still expensive to own. If you are paying more than 2003 home price then you are a loser! Actually the current home buyers are in trouble becouse they paid inflated price or refinance thinking home value always go up.
On bright side, inflated home price brought temporary economic prosperity of last three year! Apr 04 10:55 PM
Payrolls Drop - And You Ain't Seen Nothin' Yet [view article]
Congress has never tried to fix the total unemployed number statistic and data. Normally, government assumes that unemployed fall off the unemployment bucket after six months. Even they do not think about the under-employed or doing odd jobs just to survive! In current computer tools it is not hard to keep track of such statistics. May be politicians do not want to know. Apr 04 10:33 PM
Should Wall Street Have Saved Itself? [view article]
I still do not understand how this financial trouble will end. I see a great danger just because there is a huge government debt and it is growing. Fed is pumping money to boost wallstreet but may cause an inflation. Personal debt is also growing. Where do you see a buffer which may reduce next recession shock and lead us to recovery? Apr 04 10:31 PM

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