DC follies

When Main Street needed stimulus, they gave the money to Wall Street.

When we needed financial reform (smackdown punishment), they (sloowwwwwwly) brought us Health Care "reform".

We need a Jobs Bill / SBA loan guarantees, but they give us Finance Industry "reform".

Soooooo... when something to stimulate business and jobs finally rolls around, how deep into the new Great Depression quagmire will we be?

Hope, Change = Bad timing, Making it worse.

cheap oil forever

Seriously, thats what is reported in an article at CNN Money.

"The world will never run out of oil"... Deutsche Bank analysts

They say efficiencies are increasing and that oil will average $65 a barrel in 2010.

2010 will definitely be an interesting year to see how all the various analyss play out regarding housing prices (40% drop), unemployment (11% or 13%) and oil (spiking or stable).

Feel lucky. Well do you punk?

thw winds of Change, REO brooklyn

In sort of a BAD part of town (Brownsville/Ocean Hill), this "TLC" property was listed at $599,000 just as little while ago


Confucius say: you can't polish a turd

It just landed on Trulia.com as a Bank-owned foreclosure, "Buyer Assumes All Hpd/Aep Violations And Penalties" charmer listing at $299,000.

again... that's an asking price dropping from around $600K to $300K.

Holy Crap.

What a difference a day makes.
_____________________
UPDATE April 4, 2010
at $289,900 ... no takers

The Recession is OVER!!!!

The DOW is holding 10,000 this week. Yay!

Let's look at other figures.

1 out of 136 homes in the U.S. are in foreclosure.

Over 970,000 homes entered foreclosure in the 3rd Quarter of 2009.

oil prices are spiking. (speculation much?)

Sound familiar?

Add to that the "4 week moving average" of new jobless claims cresting 530,000...

...and you got a world of hurt.

as icing to the cake let's add: no specific and measurable finance regulation  and   nor reform of any kind.

let's chant it now: "DOUBLE DIP! DOUBLE DIP! DOUBLE DIP!"

NYC, teach me to read

one in five New Yorkers can't read.