OK, so every week is different. For the last few months all we have heard is the “W” or double dip recession is here. Either way, until we have job growth, and that growth in good paying jobs what difference does it make? Bring me some good jobs, happy people working hard and earning money,…Read More→
US GDP up 5.7% in Q4 2009 – Is this the Beginning of the Recovery??
US GDP up 5.7% in Q4 2009 – Is this the Beginning of the Recovery?? Who knows for sure. But I have to tell you, the real estate world had a lot to do with that jump. Investors, first time home buyers and move up buyers bought homes last year at record levels. Most, nearly…Read More→
Trade Deficit grows by 9.7% in November, as imports increase by 2.6%
Is the economy recovering? Imports rise by 2.6% of course led by the increasing cost of oil. America’s wealth being shipped out the country either directly to oil countries or through China as they continue to sell cheap goods to American and use the money to buy more oil! Let’s hope the rise in imports…Read More→
USA: ECONOMY SURGES 3.5% IN Q3
Wow, I am loving it! GDP jumps 3.5% in Q3! With the resurgence of the housing market since the beginning of the year, we are now seeing economic growth. Well, what did you expect? With 60% of sales being REO/Bank Owned and 12% being Short Sales, a great portion of which need complete remodeling. This…Read More→
ARE BANKS STARVING THE RECOVERY? BY JIM JUBAK
ARTICLE ABOUT BANKS AND M2 I received this article from Byan Jones at the Talon Group. I think it is quite enlightening and wanted to share it with you. Now in hind sight, we clearly see the banks and lending institutions were the main catalysts to the financial melt down. Now, as the economy struggles…Read More→
WARREN BUFFETT SAYS WORST IS OVER, BERNAKE AND OTHER HEROS
Wow, these are some pretty huge statements out of one of the most respected American business men, Warren Buffett. He claims the worst is over and there will not be a double dip recession. Pretty bold considering we still don’t know the affects of the Commercial Real Estate bubble bursting. But, hey, he knows more…Read More→
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