The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (123881)	5/19/2008 9:03:03 AM
From: CBurnett	Read Replies (1) of 306849

CNBC trying to be upbeat today saying the worst of the credit crunch is behind us. Even if that's true ( no one really knows ) the impact of rising food and fuel costs is slowly draining the disposable income of the working class. This is the perfect storm. Unfortunately. We have Banks and Bond Insurers being decimated, retail sales on a slow slide, manufacturing slowing, real estate in the toilet, State and local Governments threatening to raise taxes to pay for basic services. All the while the Federal Government is spending twice what it takes in, the dollar sliding, and my favorite US bonds beng sold as junk status. I think I need a drink.

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