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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (34023)	7/20/2010 10:25:54 AM
From: grusum	1 Recommendation Respond to of 103300

yes, not at all surprising. imo, unemployment is and has been telling the whole story. 'jobless' recovery is another oxymoron from the keynesians. like you said, there hasn't been a recovery at all.

To: GROUND ZERO™ who wrote (34023)	7/20/2010 3:45:49 PM
From: DuckTapeSunroof	Respond to of 103300

"The number of new mortgages plunges again to new lows..." Makes sense. Likely will be another year or two before (national averages of) single family home prices hit a hard floor... and perhaps two or three before commercial mortgages bottom out. Who wants to step in front of a train and buy something that is still getting cheaper? (Also... understand that the amount of repo-ed and short-sale homes overhanging the market has reached new highs, and is rising still... banks having been long unwilling to bite the bullet and do the damage to their balance sheets that will likely be required to 'clear the market'....)