Reminds me of existing home sales numbers…in many parts of the country the sales were up but prices were WAY down. Wow, amazing–you lower the price and people will buy it?! Amazing!! My whole body is shuddering at this newsworthy event!
I saw signifcantly more people out this year than last year but it was all [...]
Great Depression happened in 1929. It took over 10 years to cure.
Effects of depression:
13 million people became unemployed.
Industrial production fell by nearly 45% between the years 1929 and 1932.
Home-building dropped by 80% between the years 1929 and 1932.
From the years 1929 to 1932, about 5000 banks went out of business.
That’s where when the buyer [...]
For over 70 years we have been a nation where voters have been changing their view of limited government to one of big government.
This is partially due to the teaching in universities but, also due to movies, documentaries, news broadcast formats, magazines, sitcoms, and needs that keep growing the more government tries to help.
Whether you [...]
Most Americans have come to accept the simple truth that we have eroded our national wealth by consuming far more than we produce. With this understanding taking hold, and with the severity of the financial crisis spreading, government has an opportunity to radically change course to put the nation on a different economic path. But [...]
THE PRESIDENT: Good evening. This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. We’ve seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse, and some [...]
Stumble It!