Beige Book report today by the Feds!

By
Mortgage and Lending with PINELLAS FINANCIAL, LLC

OK, some surprising truth today by the feds....commercial real estate and labor markets continue to struggle. Many regions of the country show weak or deteriorating economic conditions, despite govt efforts to kick start credit markets, consumers still having difficulty obtaining credit, retail sales soft and most of us are giving up luxury items for now.

                

While we still got to hear how great things will be and some financial sectors improving, it is good that the media is at least attempting to be semi-accurate and not all "roses" about our economy, because that is not the truth. The only way the economy will get better is to acknowledge the truth about our current status! Everyone agree?

Contact Pinellas Financial for more information!

Clearwater, Florida Mortgage Company

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Rainer
289,775
Daniel J. Hunter
REALTORĀ® - New Port Richey, FL

while i believe 'honesty is the best policy' especially when it comes to the news, which has been sorely lacking of late.  However I think the first think necessary to turn the economy around is a change in consumer confidence.  We have been through alot of doom and gloom.  Banks have collapsed, Countries have collapsed, the Big 3 automakers are on the verge of Collapse.  But until the consumer gets out their and starts spending money, we are not going to see a recovery.

Jun 10, 2009 11:33 AM #1
Rainer
179,189
Mark MacKenzie
Phoenix, AZ

Terry,

Thank you!

What a breath of fresh air.

There are so many agents and brokers trying to spin the economy and housing market.  What that ends up doing, in my opinion, is breaking the trust of potential clients.

Jun 10, 2009 11:40 AM #2
Rainmaker
153,400
Kathy Knight
Intracoastal Realty Corp - Wilmington, NC
BROKER, ABR, CRS, GRI, SFR, SRES

I agree Terry and it all ain't wine and roses....

Jun 10, 2009 12:21 PM #3
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