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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Bearcatbob who wrote (63347)4/26/2006 8:03:33 AM
From: Think4Yourself  Read Replies (1) | Respond to of 206326
 
Bush may be a bit of an unfair outlet for my pessimism. He really isn't directly responsible for what I am really seeing as a big problem developing for this country. My blatant pessimism stems largely from what I have been seeing happen to the housing industry in the past few months. It hasn't affected the population much so far but it's going to. The situation is deteriorating rapidly and is on track to become very bad. This could be the worst down cycle in the history of the country and people who have more home than they can afford are in big trouble. If you have friends that rely on real estate, or carry high levels of debt, you might want to suggest they start saving something for a rainy day. They are going to start hearing about falling housing prices this summer. Contrary to what people want to believe, housing prices can and do fall.

EDIT: Weekly mortgage information just came out. Applications fell again, across the board, when we are coming into the busiest time of the year. We are now BELOW off season levels at the start of the peak buying season. Maybe everyone is buying with cash! ;)



To: Bearcatbob who wrote (63347)4/26/2006 9:46:16 AM
From: robert a belfer  Read Replies (1) | Respond to of 206326
 
Cleveland success story, one dollar invested in the local electric co(now FS)in 1993 is, with dividend reinvestment now worth about $90.00



To: Bearcatbob who wrote (63347)4/27/2006 1:03:13 AM
From: hubris33  Read Replies (1) | Respond to of 206326
 
Bob, The 'best' Cleveland story is about the Claus Oldenburg 'Free Stamp' which was turned down by the stogy Brits, afraid of the bureaucratic image it might portray. After much machinations it ended up In Willard Park with the word "free" pointing right at the BP 'pink palace.' This was a direct slap in the face of the Brits. {Actually hear Oldenburg talk about the fiasco!] Haven't had it confirmed if the shame forced the Brits out, or it had something to do with direct plane service between the motherland and the satellite office.

I mean really, where would you rather work? Downtown Cleveburg with all sorts of places to go for lunch, or Warrenville where there is nothing in suburbia and one is confined to Canterra for the duration. <g>

H3

city.cleveland.oh.us

BTW - What part of the city/burbs. Please tell me its not Parma! <g>