The National Assocation of Realtors has come up with a 4 point economic stimulus plan. I actually don’t entirely believe it is that comprehensive. I actually buy into the economic incentive plan that Barack Obama has invisioned for the country as it is more comprehensive and makes sense. The following are the 4 points: (more…)
So I have not written much recently because in all honesty their was nothing new to write about. We all know that the economy is not doing well. But as I have said previously and if you scroll to earlier posts - the Washington D.C. metro area has very strong variables that makes its economy robust and very strong! Today the Washington Business Journal came out with an article exactly stating that! (more…)
Many of you must of heard of the restructuring guidelines that came out of FHFA (which regulates Fannie mae and Freddie Mac). To get the full details of the restructing guidelines go here
Somethings to look at are the following:
Basically under these restructuring guidelines individual homeoweners who are not able to pay their mortgage payments would be able to refinance and get lower payments if they have the following situation: (more…)
Today’s economic numbers are telling us a lot about where we have been and what could be occurring to us in the future. First, the unemployment numbers came in and they were much worse than most expected. In October we lost 240,000 jobs and had an unemployment rate of 6.5% from 6.1% in September. This is the highest unemployment rate we have had in 14 YEARS! To put 6.5% in perspective the highest that it has gone up recently is in 1982, during a bad recession, the unemployment rate went up to 10.8% before it went down! Most economist including Nobel Prize winning economist Paul Krugman believes that we are going to at least to go up to 8% if we do not go to a double digit number!
So what does this mean?
I originally did not want to give commentary of his speech because I thought his speech spoke beautifully by itself. But I have gotten messages from people who said “It is good you gave us quotes but we wanted your analysis of his speech.” So the following is my analysis of his speech and what it means for us:
Barack Obama’s speech spoke directly to the thoughts and feelings of the American people. He needed to bridge the gap of the American people who did not vote for him for whatever reason. There was more than enough negative campaigning, and so there were a number of reasons why people may have not chosen him as their next president. But for this country to move forward and to have a positive economy the American people have to have confidence in their next president. I thought his words to speak about this, and his quote from Lincoln did this beautifully.
As Lincoln said to a nation far more divided than ours, “We are not enemies, but friends…though passion may have strained it must not break our bonds of affection.” And to those Americans whose support I have yet to earn – I may not have won your vote, but I hear your voices, I need your help, and I will be your President too. – Barack Obama November 5, 2008 (more…)
