Real estate price collapse escalating all over United States and is threatening the economy badly
Fred Day
Jun. 7, 2007

The home prices are collapsing at a faster rate than before. The acceleration is all over the nation. At the same time first time buyers are scooping up new homes from builders with fabulous incentives without any regard to their ability to pay the mortgages.

Sales of existing homes should hit a pace of 6.18 million units this year, down from the 6.29 million units the NAR predicted last month.

The national median sales price for existing homes should ease by 1.3 percent to $219,000 this year. Last month, the trade group said prices were expected to slip 1 percent.

The accelerating slump in real estate is serious for the economy. The economy can register a negative GDP in the forth quarter. The consumer confidence can crash and small business confidence is already at an all time low.

Real estate price collapse escalating all over United States and is threatening the economy badly
Fred Day
The accelerating slump in real estate is serious for the economy. The economy can register a negative GDP in the forth quarter. The consumer confidence can crash and small business confidence is already at an all time low.
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Bush wins climate deal for now - G8 will agree on endorsing a United Nations Climate Change agreement in 2009
Media Release
Bush’s will, prestige and commitment to big businesses will prevail for 2007 and 2008. It is a win for Bush Administration. G8 will agree on endorsing a United Nations Climate Change agreement in 2009.
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Bear Stearns Cos. of attempting to manipulate the market for securities backed by subprime loans by purchasing shaky mortgages?
Sheldon Blaka
According to analysts, it is the problem of the hedge fund managers that tried to take advantage of shaky mortgage market and in turn got wiped out. Selling the weakness is a risky game!
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Enough of corporate give out – Bush Administration must force IBM to pay pack the $1.6 billion controversial tax break
Special Correspondent
It is a shame what happened. IBM used $12.5 billion stock repurchase to take advantage of funds it earned overseas without making them subject to U.S. corporate tax rates. It did not pay $1.6 billion in taxes and got away with it.
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Sell stocks and buy Treasuries – recession is confirmed and Federal Reserve will be forced to cut rates
Karen Zuba
The US Treasuries represent an excellent opportunity at 5% yield. The stock market will go down for the rest of the year and Treasuries will rise.
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IT sector would require nearly 500,000 professionals in the next five years to cater to the growing needs of this booming industry
Media Release
IT sector would require nearly five lakh professionals in the next five years to cater to the growing needs of this booming industry, NASSCOM President Kiran Karnik said on Wednesday.
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IBM misled investors by overestimating the impact of stock-based compensation expenses on quarterly earnings in 2005
Media Release
The securities regulator made the statement as it reached a settlement with International Business Machines Corp., in which the company agreed not to commit future disclosure violations.
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