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Home sales improve in US
North Korea Times
Wednesday 29th July, 2009
The battered housing industry in the US may be starting to pick up.
US government statistics have shown that home sales in June recorded the largest monthly increase in more than eight years.
The sales jump of 11 percent has proven to be a positive sign for estate agents who have seen the worst housing slump in decades.
Nevertheless, home values have continued to decline, with the median sales price in June at $206,000, down from $219,000 in May and $234,000 a year ago.
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| By Lonnie McVaigh, 07-29-09, 04:16 AM |
Home sales improve in USThe Banks and Loan institutions have carefully filtered through the plundered spoils, labled them ficticiously as Toxic Assets and diligently requested for assistance to aquire more. With great drama and fanfair feigned short sales, expertly stalling any transfer of real wealth or chance at recovery of loss and ever carefull not to mingle TARP Funds that could question true ownership entitlements.
Quickly they carefully return with a small token profit bail out money’s that really were never needed, because those doing so knew their guilt in this percieved scheme to pilfer and dislodge wealth to the unwitted that threatened the relative comfort of their established class. The class of entitled not by Labor but Greed, justified by misconcieved religious values of half truths mixed with truth just enough for their own toleration and then enbolden through a hijacked political party that exposure surely would bring down the world just like mass suicide. Evilness extraordinaire, not willing ignorance or conspiracy of a few driven by greedy desires.
Buy Financial Stocks ASAP and watch them explode to new hights breaking record after record profits... Like already gorged fish choking to hold mouths over stuffed with wriggling minnows they just can’t stop themselves. There is not a dime around to lend anyone that is not already leveraged against former clients possessions with a remote chance to liquidate any equities into future profit. Not mere covetting...
That’s what you call highly educated free market capitalism for a compassionate conservative and the real meaning of Libertarianism structured and well planned. This is why the GOP fights Regulation and Big Government while endorsing Gun Rights for their constituance. Ready to protect their ill gotten gain at all costs, not integrity but the exact opposite.
Wake up! Where is the Love? A small smile... a thin coating of vasaline... maybe if not a peck on the cheek please don’t pinch my ass and quickly look away as if in denial it was you. Surely the weakest would smack you in the face and spit square if your face. Yet we say were proud AMERICAN’S and have worked for everything.
PUNKS!
Lonnie McVaigh, Pensacola Florida 7-28-09 |
| By waltky, 08-11-09, 05:22 AM |
| Fed not ready to declare recovery just yet...
:confused:
Fed not ready to use other R-word: Recovery
August 10, 2009: Don’t look for an overly bullish outlook from central bank, even as more economists see an end to the recession at hand.
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Suddenly, it seems, economists everywhere are starting to talk about the end of the recession. But don’t expect the economists at the Federal Reserve to join in that bullish banter when they meet this week. “I think we’re arriving at the turn," said Mark Zandi, chief economist at Moody’s Economy.com. “I think we’ll reach it this month, maybe September, but we’ll look back and say this is the quarter the recession ended."
But Zandi and other Fed watchers say that when central bank policymakers conclude a two-day meeting Wednesday, they are likely to stay with its far more general language about expecting modest growth to return sometime in the second half of this year. The central bank’s policymakers also are virtually certain to leave the key interest rate near zero.
They also are unlikely to give many details about when or how it will start to pull back the roughly $1 trillion expansion of the Fed’s balance sheet that it has used to pump money into the economy over the last year. “I think they’re going to be a little more optimistic, but not get too carried away by it," said David Wyss, chief economist for Standard & Poor’s. “These are central bankers and they tend to be pessimistic by nature."
[url=http://money.cnn.com/2009/08/10/news/economy/fed_recovery/index.htm?section=money_mostpopular:
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