bstocksdev

1. their will be a big blow out on the market-the dollar is losse-ing its value hear in the USA money is getting tie maasive close-ng of store and bank shut down will bring stoccks to thier lowest point
even oil because it will be over price

Posted at 5:16PM on May 8th 2008 by Rogelio Macias

2. It depends on what you wish to believe. Most of the statistics are issued by people who have a vested interest in a particular area and the government who usually makes revisions. Given what is apparent, do you think that the NAR (national assoc. of realtors) wants to tell the public that things are dismal? Do you think that the government wants to fuel the obvious fire? Truth is that you can manipulate statistics and although reports are generally bad, they can be made to appear better. AKA -LIE and DAMAGE CONTROL. This is something that all nearly all sectors have to come to grips with, and that is there are few shinning stars out here. Paulson thinks it is over? The Treasury Secretary is telling the public what it wants to hear, but tell that tale to someone who has lost their job because of the sub prime mess. They now join the ranks of the public hard pressed. They will not be happy campers and I expect this to be noted come November. There is a flurry of C.Y.A. moves on the part of government agencies and Congress is moving quickly to provide legislation to allieviate the mortgage mess however, from what I see this legislation (so far) will probably make things worse. The cost will be unbeliveable and the burden will affect taxpayers for generations. Fannie and Freddie will be a trillion, the Fed bailing out the banks will be a trillion, a move to buy the foreclosed properties at least 3 trillion and another trillion for corruption. We still have the war in Iraq to pay for. The U.S. taxpayer will utimately wind up broke - along with the government.

Posted at 6:35PM on May 8th 2008 by william lindblad