Recession Over in Hampton Roads (2009, foreclosures, credit)

[cityboi757]

Recession ends in 79 metro areas - Eye on the Economy- msnbc.com

[telemonster]

Yes, sheep. The recession is over. The same gov't that couldn't seem to identify the credit bubble was going to happen, and the problems it would cause. The gov't that runs the fed which gives loans to banks at 0% interest so they can loan it to you at 5% interest.

So how about that unemployment? It's good for wall street, but every person unemployed is a customer and a consumer, so there is rough times ahead.

Property still hasn't adjusted downward. Tons of shadow inventory in houses. Tons of foreclosures on the way. Tons of debt being added to the country and being spent by the gov't to prop things up. No real answer about future industries and jobs for Americans, even though the property bubble is gone and was helping to hide job losses from offshoring.

I don't buy it.

[rtandc]

Anyone can write an article and I have to disagree with this one, I think we are still on a downward trend in Hampton Roads

[lchoro]

Get ready for stimulus 2.0. The economy can't stand on its own. It would've lapsed back into recession after Bush's second stimulus if not for the 350 billion dollar bump in annual military spending to boost business and the 400 billion dollars a year in home equity cash-out to boost consumer spending.

Why We'll Be Seeing Stimulus 2.0, 3.0, 4.0, 5.0, Etc. (Until the Great Implosion) -- Seeking Alpha

[rtandc]

The housing market is still taking a hit....-4% for Hampton Roads during the 2nd quarter.....I expect even worse when the next findings come out.....


Homes: About to get much cheaper - Oct. 20, 2009