DISQUS

Indigo · 1 year ago

Housing in Florida is down about 20% from two years ago. That's a rough estimate because only a sale determines actual current value of an individual house. I wanted to sell but I'm lucky, I can wait a couple years.

Õ¿Õ · 1 year ago

I'm going to buy an old farm house here soon. I wouldn't mind a fixer-upper but the ones in the rural areas here have caved in roofs because it's been since the 60s and 70s when people left. I don't know who owns them anymore. Really ghostly about it all.

Cpeterka · 1 year ago

The Two Top USAF ( Chief of Staff - USAF, Deputy SEC DEF / USAF ) fired over the lost nukes.

Õ¿Õ · 1 year ago

Did they ever find those nukes? I guess they just sorta flitted away...

Õ¿Õ · 1 year ago

I live close to Barksdale AFB. They would have flown right over me with nukes fully armed and hanging on the wings. Darth was all about that. I think there's one still missing but who knows.

Õ¿Õ · 1 year ago

Whenever the people get their shit together and want to take their country back, I'll be here. Hell, I've been trying for the last 8 years non-stop but I can't do it by myself.

KerrynowCampau · 1 year ago

How can that be? I have been told that all the new bank branches being built in my city are a sign of economic prosperity.

pfoorion · 1 year ago

I don't think that many Americans actually saw their net worth decline by that much. It's one of the fallacies here that if you live in a $1 million home and are paying the mortgage you are all of a sudden worth $1 million. You aren't. You are if you have actually PAID OFF the mortgage. Otherwise you are worth whatever equity you have in your home and with all these interest only and other loan instruments out there people seem to have frequently %5 or less equity, meaning their net worth is essentially the same as before they purchased the home. So, the value of homes may have dropped, but the net worth of the people living in them (unless you have paid equity) probably hasn't dropped as much. This is really more of a concern to people who actually own their house and not just a minor stake compared to their bank. But the sum total of their net worth is going to be less than what is stated above.

Andrew · 1 year ago

First problem. The figures were put together by the Federal Reserve. The same group that states that inflation is tame. Second problem is market manipulation. When you have economic news that goes from bad to worse and yet the DOW can rise over 200 points as it did today, you know the invisible hand of manipulation is hard at work.
After the masters of the universe kill the real estate markets because greed was more important than regulation oversight, the dollars purchasing power continues to fall while the price of oil shot up over $5 a barrel today. If you take financial losses in real estate and add them to rapid inflation which we are seeing now, the total loss in dollars is even greater than what the Fed report is stating. iI you think the manipulation of financial information is bad now, it will only get worse as we get closer to the elections as desparate Republicans look for some ray of hope to hang their hats on. They deserve a blood bath in November, and that is exactly what they are going to get from an electorate that is being squeezed through the financial ringer.

popebuck1 · 1 year ago

Does this index also take into account the declining value of the dollar? Because if not, then it's even worse.

Andrew · 1 year ago

As Americans we deserve better than the financial crap that is being brought forth as fact. Any dim wit can tell you that their costs have risen more than the stated inflation rate by the Fed. Why are we bailing out banks with tax payer funds anyway?
Bernanke may have a Phd in economics, but when you can give a speeh at Harvard today and come out with this statement, his parents might begin to understand that their son wasted a whole lot of the families funds getting an education.

No inflation if people don't expect it, Bernanke tells Harvard grads

…Since 1975, the energy required to produce a given amount of output in the United States has fallen by half," he said.

Over the years, Fed policymakers also have learned more about inflation and how to fight it, he said.

Bernanke's remarks come just one day after he said that the Fed's rate-cutting campaign was coming to an end because of increasing concerns about inflation. He took aim at the role of the weakened dollar in pushing prices higher. It was a rare public pronouncement by a Fed chairman about the U.S. greenback.

The Fed is paying attention to the extent to which consumers, investors and businesses believe prices will rise in the future. Monitoring those "inflation expectations" are important. If people believe inflation will keep going up, they will change their behavior in ways that aggravate inflation -- thus, a self-fulfilling prophecy….

I sure feel a whole lot better knowing that helicopter Ben is on the front lines fighting inflation as many of us go to the poor house.

jr · 1 year ago

"goldilocks economy"-Larry Kudlow, CNBC ostrich

TomJoad · 1 year ago

If there is any justice in the world, his disconnect with reality (and Bush's, and all the other "tinkerbell" soothsayers) is going to be his downfall. It is just TOO easy to uncover the bullshit.

TomJoad · 1 year ago

Tinkerbell is more appropriate. Remember when in the play they tell the audience "if you don't believe, tink will die!" ? That's our president, and that is Mc Cain.

Tinkerbell economy is more appropriate....plus the gay inference will drive them nuts too!

Viceroy · 1 year ago

Yep, no doubt about it, the Democrat Congress and presidential candidates with their promises to raise taxes on business and thus cut investment and productivity is definitely having a chilling effect. And what exactly do the Democrats promise to do about their mess? Well, let's see: tell the oil companies how to invest their profits (oh yeah that will work; even if it were constitutional that is ridiculous), and raise taxes on the "rich," or the very people who create jobs. Oh I forgot, introduce a universal health care plan that will take huge sums out of the economy and put it into another inefficient government program for the sake of relatively small minority of Americans. Just brilliant.

So in the end what are the Democrats going to do to make American business more productive, profitable, and competitive? Absolutely nothing. At least Bush understands that the American economy is about private capitalism and always has been.

gumbygirl · 1 year ago

I was in a supermarket today in a very upscale suburban Birmingham neighborhood, and I saw a very well-dressed lady have a complete meltdown over the price of a package of chicken breasts. She looked terified, and I am not exaggerating. We are seriously in the shit, and anyone who thinks four more years of Bushes failed economic policies is the answer is seriously delusional.