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You seem unable to read or comprehend the written word.
I thought he had a point. Too many of you believe that government cannot create jobs. And then turn around and profess how it can. A pretty large sample of such hypocrites can be found via their written words right here in this thread.
I thought he had a point. Too many of you believe that government cannot create jobs. And then turn around and profess how it can. A pretty large sample of such hypocrites can be found via their written words right here in this thread.
I guess you are unable to read or comprehend either.
Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions. Growth in household spending picked up late last year, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, while investment in nonresidential structures is still weak. Employers remain reluctant to add to payrolls. The housing sector continues to be depressed. Although commodity prices have risen, longer-term inflation expectations have remained stable, and measures of underlying inflation have been trending downward.
The bold statements...
Black - The "economic recovery" has not helped unemployment.
Blue - People spent more during Christmas, but are in general spending less because they have less income and they can't borrow money.
Brown - Commercial real estate sucks.
Red - Employers are not hiring.
Purple - Residential real estate sucks.
Green - Inflation is holding for now.
These are the people handling the money. Does this sound positive to you?
RealtyTrac is out with the total foreclosure numbers for 2010. On the whole things are getting worse.
72 percent of major metro areas saw an increase in foreclosure volume. Although some of the worst hit areas in Nevada, California and Florida improved from 2009, the foreclosure rate in these areas remains shockingly high. If not for some foreclosure suspensions due to the robosigning scandal, these numbers would have been higher.
For a frightening way to visualize the foreclosure crisis, we're borrowing a Google maps technique described by Barry Ritholtz.
I thought he had a point. Too many of you believe that government cannot create jobs. And then turn around and profess how it can. A pretty large sample of such hypocrites can be found via their written words right here in this thread.
The government can't creat jobs, but they can inhibit job creation through tax and regulatory policy.
Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions. Growth in household spending picked up late last year, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, while investment in nonresidential structures is still weak. Employers remain reluctant to add to payrolls. The housing sector continues to be depressed. Although commodity prices have risen, longer-term inflation expectations have remained stable, and measures of underlying inflation have been trending downward.
The bold statements...
Black - The "economic recovery" has not helped unemployment.
Blue - People spent more during Christmas, but are in general spending less because they have less income and they can't borrow money.
Brown - Commercial real estate sucks.
Red - Employers are not hiring.
Purple - Residential real estate sucks.
Green - Inflation is holding for now.
These are the people handling the money. Does this sound positive to you?
RealtyTrac is out with the total foreclosure numbers for 2010. On the whole things are getting worse.
72 percent of major metro areas saw an increase in foreclosure volume. Although some of the worst hit areas in Nevada, California and Florida improved from 2009, the foreclosure rate in these areas remains shockingly high. If not for some foreclosure suspensions due to the robosigning scandal, these numbers would have been higher.
For a frightening way to visualize the foreclosure crisis, we're borrowing a Google maps technique described by Barry Ritholtz.
And for a lot of people that don't have extended family or a place to go, have to go the homeless route.
I have seen an increase in my area, and their not drug users either, but people that just lost everything and have no place to go.
Depression indeed
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A Frightening Satellite Tour Of America's Foreclosure Wastelands
