House Prices keep Declining The Case-Shiller Index of the housing industry showed a 19% year-over-year decline. The Case-Shiller report shows many regions have revisited 2002 prices. Some geographic areas are seeing prices going back to those in the year 2000.Real...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
economy
Taxes are Killing the Economy
Taxes are Killing the Economy The Stock Market has rallied since March 10. Is this a short term improvement in a Bear Market? Unless we see some positive progress in the real economy, the stock market cannot sustain the upward movement. The economy is lousy with...
Economic Stimulus Bill Hurt’s Economy
Economic Stimulus Bill Hurt’s Economy The Congressional Budget Office has reported the Economic Stimulus Bill pushed by Pres. Obama will actually hurt the US Economy and lower GDP in the long run: Most of the budgetary effects of the Senate legislation would occur...
With Government “Help” expect a Worldwide Depression
The Washignton Post reported on the International Economic Summit. The governments are “taking action” which means a government-induced economic disaster. If it is anything like the “help” of FDR’s “New Deal” it will extend economic dislocations for far longer than a...
Housing Price Drop May Be Worse than Great Depression
Economist Robert Shiller (of the Case-Shiller Housing Index) announced his findings concerning housing price trends. He predicts the nationwide average price decline for homes will likely exceed the 30% decline that America experienced in the 1930’s Great Depression....
Housing Hit Again!
Today’s new reported mortgage rates for 30-year fixed loans hit 6.75%. This is the highest level in almost a year. Further, “sub-prime” defaults and foreclosures both are at record highs. More than 15% of“sub-prime” adjustable loans are delinquent and 3.75% are in...
