Saint Joe and the Impending Global Financial Crisis
By Mike Whitney
The wreckage in the housing market just keeps piling up. Sales of existing homes in October dipped 23.5% from last year. Prices on new homes dropped 13% year over year. Third quarter foreclosures skyrocketed to 635,000, a 94% increase over last October and an all-time high on the Misery-Meter. The real estate market is in free-fall and the real trouble hasn't even begun yet. Continue
Economic Outlook 2008: Darkening Clouds
By Dom Armentano
Presidential election years usually are not recessionary but next year will be an exception. Several economic factors are colliding in an almost perfect storm to markedly slow the general economy and the stock market.Continue
Homeless in Paradise
America, Land of 371 Billionaires and 3.5 Million Homeless
By Stephen Fleishman
In the United States of America, the greatest country in the world, as many as three and a half million people experience homelessness in a given year (1% of the entire US population or 10% of its poor) and of that, 1.37 million (or 39%) are children under the age of 18. Continue
No comments:
Post a Comment