GS from Ohio

Falling Prices Stimulate Michigan Home Sales

The increase in volume is mainly due to people from out of town buying up foreclosure properties on a purely speculative basis. They are seduced by the low prices, but what they are getting are shells of homes that can only be sold as fixer uppers.

GM Job Loss: Bogus Economics

Talk about Bogus economics! If GM stops producing today it would take years for Honda and Toyota to replace that production in US plants. Imports could only partially fill the gap. 90% of the jobs that would be created in the meantime would be in Eastern Europe or Asia. On the other hand, it would touch off a depression that would affect everybody - maybe even you in your cushy Economist job!