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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (120990)	5/6/2008 9:43:41 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

How's the job market? UBS Set to Cut 5,500 Jobs After First-Quarter Loss (Update5) bloomberg.com UBS AG, battered by $17.3 billion of first-quarter losses at its investment-banking unit, plans to cut 5,500 jobs and said clients withdrew a net $12.2 billion from its asset- and wealth-management divisions.

To: SouthFloridaGuy who wrote (120990)	5/9/2008 4:15:59 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

But to compare the current environment to the 1970's is just wrong. Just how wrong is it, LIG. Oil topped 126 today with gas at $367 or roughly a 3 fold increase in this decade. that is what we experienced in the 70s. Food is up about 20% this year. Rents around me up 15%. Stamps up twice in the last 2 years- the last time that happened was in the 70s. The only thing that isn't going up are people's wages so in that sense, there is a 70s disconnect but the rest of it is eerily similar.