Have you been paying attention to all of the talk about what type of recession we are in? Well, actually if you listen to some people, we are in full blown depression!
But for those of us who realize that while times are tough… more then likely we are in a recession… not a nice one… but a recession non-the-less.
The talk of late is whether we are starting to climb out of this current recession. All of the politicians and bureaucrats want us to believe that we are on our way back up and that this recession was a typical V shaped event.
Are You Buying It?
Hey… why not? The stock market is up. Home sales are up. Even home prices in some areas are on the increase. But is this real? Or an illusion driven by Government incentives and wishful thinking?
Joshua Dorkin
The $9 Trillion Housing Hole
by Douglas Lazovick | December 12, 2010U.S. home values have dropped $9 Trillion since the housing market’s peak in 2006. That’s a pretty big number. That’s a 9 followed by twelve zeros. To put that figure in perspective, here are a few things that add up to less than $9 trillion: The combined Gross Domestic Products (GDP) for China and Germany [...]