One sign of the looming depression?

Question

Housing prices, slumping after a five-year boom, are projected to decline in more than 100 of the nation's metropolitan areas by moody's.

The West Chester, Pa.-based forecasting firm projects that the median sales price for an existing home will decline in 2007 by 3.6%, which would be the first nationwide decline for an entire year in home prices since the Great Depression of the 1930s.

http://www.latimes.com/business/la-fi-prices4oct04,1,6413310.story?coll=la-mininav-business

President Bush and the Republicans hard at work lining their pockets and stripping yours. I also heard on cnbc that sales at walmart are hurting! Can't people even afford walmart's stuff? When will people learn to vote in their own interests?

Walmart story, (I think walmart is pro-republican?) would they lie?
http://www.indiadaily.com/editorial/13597.asp

Answer 1

The economy is sucking. Not too long ago, there were 3 pages
in my local newspaper, listing the names of people who
owed back property taxes.
There is a crisis in our emergency rooms.
I don't know what else has to happen before someone gets it.

Answer 2

Wait until after the elections to listen to the economic indicators. Since the elections are so close, Republicans are going to say it's doing great (look at the Dow), and Democrats are going to say it's going the wrong direction (look at the housing market). It is all mostly politically motivated news.

By the way... in general, the US economy is doing very well. We actually need a correction to the housing market, as it has been going too strong for several years. This is a normal occurance in a self-balancing economy (this ebb and flow does not happen quite the same in most other countries).

Also, we are experiencing an increase in new home sales in central Texas... but you won't hear about that in the news.

Answer 3

The housing market is declining because the frenzy of buying caused by historically low interest rates is over. Housing builders overbuilt, thinking that the frenzy would continue on forever. Now the market is naturally adjusting to make up for the overproduction.

The real worry should be the trade deficit. The US cannot continue to run a trade deficit in the hundreds of billions of dollars. Already some economists are saying a revaluation of the dollar would be necessary to fix the problem. Now THAT's a sign of impending economic gloom and doom.

Answer 4

The core magnificence. The wealthy have ample cash to climate the typhoon of a recession (assuming it's not a most important despair.. whether it is then the wealthy have the farthest to fall.. and can be harm probably the most) and the deficient are already deficient... so that you are not able to fairly take a lot more from them. Now if unemployment keeps to upward thrust.. then you'll break up the "such a lot effected" name among the deficient and core magnificence.

Answer 5

The Us economy is all paper and air. Overinflated house values and overinflated stocks in companies like Google and Yahoo. What hard product do Yahoo and Google sell anyway? If there was a war tomorrow what would any of these companies really be worth in a real wartime economy?

Answer 6

This is a direct attack on the working man for not getting behind bush and his program of making the rich ,richer and the poor, poorer .
They do not look at americans as people but rather a resource that must be managed .
Every large employer has a human resources department that regulates payroll and insurance evaluations and your permenent record .You are no longer fired by the boss but a department .
This reduces the backlash people tend to exibit at being fired .
Nothing personel we just decided to cut jobs to increase profits .
How this workes is projections on future earnings .IF i have 100 workers and i want to know what my company will be worth in 20 years how do i know .
The number crunchers go to work and tell you .Each employee has a value .Now depending on employment contracts and union negotiations you can determine in the future what each person costs you and what each one can earn for you .When you can earn more money by investing money else where you need less workers .I should say less american workers as we are exporting jobs across america making our economy weaker every day that foriegn markets make products sold in america that only 6 months ago where made here .
Its a question of lifestyle and who gets what in america .The minimum wage is based on food costs the availability of transportation ,rent ,and utilities . Everyone i know is making over 18,000 a year working .That includes the white kids who get 9 dollars an hour to work in the same job that black kids get minimum wage or a dollar to a dollar 50 an hour less . Can you proof this yes and no .They have developed a scale for jobs amd what they pay .SO you can hire people for between 6and 8 dollars an hour .Or use a title such as assistant shift manager to pay others more .
Seeing as everyone thinks they are better then the guy working next to them it is easy to say when you work as hard as Bill you will get that raise tyrone but until then all we can pay you is ? whatever the figure it is way less then Bill gets for doing the same job but being "un" Quote un quote more responcible or a harder worker .Usually it means kissing the bosses bottom and praising everything he does massaging his ego all day long and sucking up .
Nothing is fair in this world and the export of jobs the declining housing market and the lie that employment is steady bothers me .
With so many people making it by the skin of there teeth if your wife losses that 175 dollar a week walmart job thats your car payment and insurance or rent or house payment .
Every dollar you earn above 15,000 a year is gravey for one person for two it is every dollar over 18,000 .Sharing housing and food and utilitybills make two as efficient as one except for transportation needs .Working together on the same shift for people who are a couple is frowned on by bosses .Why cause when a couple gets together it throws the balance of what workers percieve as there fair share .Bill and sally Go to the movies and bought a boat and now have a new truck and i want that .
WEll get a second income and you can have it .The cost of everything is based on what it takes for one person to get by on his own .
SO 400 for rent 100 for car 100 insurance 100 gas 100 food 100 clothes 100 Already we have spent more then we take in unless you already have a car and you drive without insurance .When you get caught you can go to jail now you have no job your place is gone and so is the tv stereo phone and anything you might have bought struggling to get by .Now you get out and it is hard to find work .WHat happened to the car after impound .It is gone to much to pay to get it out .
How can we keep doing this to people is beyond me but this is the system we have choosen .
The poor are poor cause they they do not do what it takes to get ahead . Praise the boss work hard and pray you become white.

Answer 7

How the hec is Bush controlling house prices, I swear I think both sides of politics has lost their minds and thrown reality and commonsense out the window.

Answer 8

I see someone has read Oct. 2nds Wall Street Journal.

Front page Republicans!

Answer 9

I'm with Callee on this

For some odd reason people seem to be blind to what is really going on. And it isn't Demo or Repub it is slow death.

Answer 10

considering the economy is flourishing and stocks are down considerably....I think we are doing well, Walmart needs to crash and burn because most of there stuff is made in china .....