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Old 06-01-2011, 12:07 PM
 
10,854 posts, read 9,301,747 times
Reputation: 3122

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Quote:
Originally Posted by tickyul View Post
Well, it looks like housing is going to take another downturn despite all of the Shenanigans pulled to prop the market up. The housing bubble never fully deflated and you are now seeing what is just natural, more "air" MUST come out of the bubble.....no matter how bad Big brother wants to prop up the housing market.......or even inflate another bubble. Wonder if the second dip will pull down the general economy???


Read the rest of the article at the link provided, short read and really interesting.

Far from a real recovery, the U.S. housing market has entered a double-dip recession, as evidenced by data released Tuesday. U.S. home prices fell in March for the eighth straight month, and home prices in 20 major U.S. cities dropped 0.8% in March on a non–seasonally adjusted basis, according to the Case-Shiller home-price index released by Standard & Poor’s.

Full Article:

Sales data signal double dip in housing Personal Finance Daily - MarketWatch
There was never any real recoverY in housing prices. The economic is recovering for a recession however the housing sector of the economy is a DEPRESSION.

This is NOT a double dip. It a part of long continuous slide in housing prices that probably won't stablize for another 2 years..
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Old 06-01-2011, 12:24 PM
 
Location: Orange County, CA
3,727 posts, read 6,223,758 times
Reputation: 4257
Stagflation anyone? Admit it or not, that is the condition that we are now entering. Jimmy Carter Part II is now upon us.
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Old 06-01-2011, 12:46 PM
 
Location: Great State of Texas
86,052 posts, read 84,481,831 times
Reputation: 27720
Quote:
Originally Posted by BlackShoe View Post
Stagflation anyone? Admit it or not, that is the condition that we are now entering. Jimmy Carter Part II is now upon us.
I think we're seeing a mix of everything...

Deflation in assets.
Inflation in commodities.
Stagflation in salaries.

And a dollar that loses value with each Treasury purchase Bernanke makes.
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Old 06-01-2011, 12:49 PM
 
Location: Norman, OK
3,478 posts, read 7,255,485 times
Reputation: 1201
Treasuries are not below 3%. Not good....
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Old 06-01-2011, 12:55 PM
 
29,981 posts, read 42,934,013 times
Reputation: 12828
QE2 ending........stock market taking a big hit now (down over 200) on lack of confidence.
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Old 06-01-2011, 03:55 PM
 
Location: Hoboken
19,890 posts, read 18,752,619 times
Reputation: 3146
Quote:
Originally Posted by Finn_Jarber View Post
At this point people are more afraid of what GOP will do than what Dems will do. This medicare threat is scary, and it seems like it is only the beginning. I am just telling you how people feel, this is not a Dem vs Rep issue for me. I voted "R" last year, if you must know, but usually I vote independent, or both sides.

As for housing market, the prices never recovered so it is not exactly a double dip.
I had no idea you were the arbiter of how people feel. That is such a special talent, well done.

Please let the economists know you disagree with their double dip assessment.
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Old 06-01-2011, 04:04 PM
 
Location: Florida
76,971 posts, read 47,629,107 times
Reputation: 14806
Quote:
Originally Posted by shorebaby View Post
Please let the economists know you disagree with their double dip assessment.
I don't have to tell them something they already know.
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Old 06-01-2011, 04:37 PM
 
2,488 posts, read 4,322,318 times
Reputation: 2936
Quote:
Originally Posted by Winter_Sucks View Post
That's what we're doing. Saving up now to put a lot more down. I keep reading that 2012 should be about the bottom of the dip, so there's not too much of a rush.
Do you really believe that?
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Old 06-01-2011, 04:52 PM
 
4,367 posts, read 3,483,876 times
Reputation: 1431
Well, Obama said he wanted energy prices to soar. With that goes the price of everything else. No wonder the economy is getting worse; Obamanomics is a failure.

Thanks, Barry!
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Old 06-01-2011, 06:10 PM
 
47,525 posts, read 69,698,996 times
Reputation: 22474
Quote:
Originally Posted by Winter_Sucks View Post
That's what we're doing. Saving up now to put a lot more down. I keep reading that 2012 should be about the bottom of the dip, so there's not too much of a rush.
And then what? Exactly what do you envision is going to turn this around?

Will they repeal NAFTA and bring jobs back? Or impose a tarriff on foreign produced products to encourage manufacturing jobs here in the USA?

Unless it's something that drastic it's not going to turn around and we don't have a president that gives a damn about jobs for Americans. In fact he's doing all he can to get rid of more jobs.
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