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by
Robert Folsom
2/25/2008 5:15:00 PM
Now, all this data sums up a clear-enough picture of the housing trend. It's uniformly bad. If your home's value stands anywhere near today's median price, you are approximately $30,000 poorer than you were 20 months ago. So why spell all this out? Heck, everyone knows the housing situation is ugly, with our without reading the particulars. My reason for putting the facts before you begins with this quote, which was typical of what stock market stories were saying around 11:00am this morning...
Filed Under:
Federal Reserve, mortgage, Real Estate, recession
Category:
Real Estate
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by
Robert Folsom
2/22/2008 1:45:00 PM
Yesterday on this page I suggested that it's absurd to compare today's ailing economy to the economic woes of the 1970s. I asked the rhetorical question, Can you have "stagflation" -- or even a strong overall inflationary trend -- if home prices are headed in the other direction? Unfortunately, what I've read today makes me wonder if "headed in the other direction" was an understatement. The source of my wonder was (yet again) a front-page story in The New York Times, which included this staggering quote...
Filed Under:
Federal Reserve, mortgage, subprime mortgages
Category:
Real Estate
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by
Vadim Pokhlebkin
2/4/2008 5:35:21 PM
On Friday (Feb. 1), Google reported that its "fourth-quarter revenue increased 51% and net income rose 17%, and top executives said they saw no effect of an economic slowdown." Good news, no argument there. Yet at the open GOOG promptly lost ground and closed Friday's trading down more than 8%. And then on Monday (Feb. 4), it lost some more. Why? We have some ideas...
Filed Under:
bank of america, bac, google, goog, mortgage, earnings, shares, stock
Category:
Stocks
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