Archive for August, 2008
2nd Quarter GDP
In the final quarter of 2007, the GDP DECLINED by .2% instead of growing by .6% as they previously reported.
First-quarter of 2008, GDP actually only grew by 0.9 per cent, which was below the 1% previously reported.
In the 2nd Quarter of 2008, GDP grew 1.9% instead of the 2.3% forecasted by [...]
Posted: August 3rd, 2008 under Stock Market / Economy.
Comments: 1
NAR
Can we believe the National Association of Realtors?
In 2005 the former chief economist of the NAR, David Lareah wrote a book titled, “Are you missing the real estate boom, why home values and other real estate investments will climb to the end of the decade and how to profit from them.”
8/05 [...]
Posted: August 3rd, 2008 under Stock Market / Economy.
Comments: none
Housing Bailout
The housing bailout that was just passed is supposed to help 400,000 families avoid foreclosure and help refinance them into affordable mortgages. The program offers government insurance to lenders who reduce the mortgages of at-risk homeowners to at least 90% of the homes current value. It will also provide $3.9 Billion dollars to communities for [...]
Posted: August 3rd, 2008 under Stock Market / Economy.
Comments: none