Was Entire American Economy A Massive Speculation? Dog Spas and babyGap Weigh In
Was the entire American economy for the last twenty years a growing bubble of fantasy and speculation? If dog spas, hip hop dance studios, and babyGap stores are any indication, then the question has been answered.
Our regular news compilation from the homeowner front, or rather, the mortgage meltdown, continues below, courtesy of Patrick Killelea:
Tue Jun 24 2008
House slump harder to reverse than usual (biz.yahoo.com)
Harvard Says Housing Crisis Worst In 50 Years (allheadlinenews.com)
Housing slump deepest in 60 years (marketwatch.com)
Other mortgage shoe is poised to drop (fresnobee.com)
How low must housing go before families can afford to buy? (millionairemommynextdoor)
Subprime meltdown took economy with it (honoluluadvertiser.com)
Karma catches up with real estate industry (msnbc.msn.com)
Lesson from real estate agent’s arrest (news-press.com)
Cities Desperate Measures To Keep Prices Too High (nuwireinvestor.com)
Home Not-So-Sweet Home (nytimes.com)
Goldman Admits It Gave Very Bad Advice (nytimes.com)
Ruling adds to trapped buyers’ remorse (palmbeachpost.com)
New Buyers Bitter in Virginia (washingtonpost.com)
Assessments confound property owners with wildly inequitable taxes (philly.com)
Bank in Jeopardy (heraldtribune.com)
New Crisis Threatens Healthy Banks (washingtonpost.com)
Canadian Realtors brace for “money laundering” backlash (lfpress.ca)
Houseowner Begs Bank To Foreclose (Mish)
Food Shortages, Rising Prices, Stagnant Wages: Welcome to 13th Century (Charles Hugh Smith)
