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Northeastern Pennsylvania Scranton, Wilkes-Barre, Pocono area
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Old 02-26-2008, 10:58 AM
 
Location: Tunkhannock
937 posts, read 2,889,844 times
Reputation: 331

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This is an article that I was just reading. I sure hope this country gets out of this slump soon. This is hurting home sales and more.







NEW YORK (AP) - No good news today on the economic front. Consumer confidence plunged, the wholesale inflation rate soared, the number of homes being foreclosed jumped, home prices fell sharply and a report predicts big increases in health care costs.

Moderator cut: copyright protection, please provide a link to the article

Last edited by Yac; 02-27-2008 at 02:10 AM..
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Old 02-26-2008, 11:29 AM
 
3,756 posts, read 9,555,281 times
Reputation: 1088
Hi Mem,
A very pertient and important article. Thanks for sharing with us. I am going to pass this on to a couple of people myself.

Hat
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Old 02-26-2008, 11:34 AM
 
Location: Tunkhannock
937 posts, read 2,889,844 times
Reputation: 331
Pass it along. It really makes you wonder what is going on here in our country lately.
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Old 02-26-2008, 11:40 AM
 
3,756 posts, read 9,555,281 times
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Yes, and more scary of what we have to pick for this coming election. What folks forget is that the people that are running this country are wealthy and do not care about the rest of us.
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Old 02-26-2008, 11:55 AM
 
2,317 posts, read 5,130,114 times
Reputation: 1257
Not much of a choice,out of all the people in the U.S no one decent wants the job.
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Old 02-26-2008, 12:06 PM
 
3,756 posts, read 9,555,281 times
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yes, co and it doesn't say much for where this country is headed, straight for a Depression........
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Old 02-26-2008, 12:17 PM
 
2,317 posts, read 5,130,114 times
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Quote:
Originally Posted by TheHighHat View Post
yes, co and it doesn't say much for where this country is headed, straight for a Depression........
Thats just what I was thinking,hope not
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Old 02-26-2008, 02:25 PM
 
Location: Tunkhannock
937 posts, read 2,889,844 times
Reputation: 331
It is so sad. We are the middle class and we are in trouble. The gas prices are unbelieveable and something has to be done but what? Should we all strike for a day?
I doesn't work...
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Old 02-26-2008, 04:30 PM
 
106,679 posts, read 108,856,202 times
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case shiller is traditionally the biggest doom and gloomer that i know. they have been predicting doom and gloom as long as i remember. are they correct? beats me but like they say if your in the business of predicting predict ofton. even a broken clock is right twice a day.


the one thing thats obvious is inflation is way higher than our cpi index reflects. every time something gets to expensive they either dampen it, remove it from the index or expect you to sub for something else.

using the numbers the way they were before the clinton era manipulated the way the index is figured pegged the real rate of inflation at 7-8%
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Old 02-26-2008, 11:58 PM
 
Location: Nevada
2,071 posts, read 6,697,470 times
Reputation: 1242
Default Very sad

Sad & tough times are ahead for sure. And its all over the country. I'm currently living in Las Vegas where there is plenty of work, but even here we are feeling the coming possible full recession.

I say close the borders and stop sending all these jobs overseas.
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