market: Say Cheese - A Snapshot of Where We Are Today
- 10/21/09 07:00 AM
We've all read plenty of articles discussing where we were, what happened and who is to blame. Every pundit has predictions as to where we are going and when we will get there. But as Stephen Covey, Tony Robbins and the rest of the "life lessons" crew would say, we must live in, and understand, the present. Here is a snapshot of where we are today. Deficit The U.S. government ended its 2009 fiscal year with a deficit of $1.4 trillion according to the Congressional Budget Office. This is the largest since 1945. FHA FHA volume has soared over (0 comments)
Usually, I write a "Year in Review" article. Well, guess what? I really don't want to review 2008. Quite honestly, I think most of us would prefer to forget about 2008 all together. No need to recall bailouts and conservatorships and falling home prices and rising unemployment. Instead, I say let's look forward to 2009. Here are nine things to watch or do in 2009. 1. Unemployment It really doesn't matter how low interest rates drop. If people don't have jobs, they can't buy homes. We started 2008 with an unemployment rate of about 5 percent; the November numbers revealed (21 comments)