California’s median home price down 40%; US Dollar in Trouble; Obama’s electric car

Posted by admin 25 comments

 

House passed a bill that taxes AIG and other bailout company employee bonuses •impose a 35 percent excise tax on the companies paying the bonuses and a 35 percent tax on the employees receiving them. •”We want our money back now for the taxpayers,” said House Speaker Nancy Pelosi. “It isn’t that complicated.” •*Basically, Washington is throwing AIG employees under the bus by placing all of the blame on them. finance.yahoo.com Oil prices reach new high for 2009 as dollar falls •A result of the Fed sinking dollar and OPEC cutting supply finance.yahoo.com Fed to pump another trillion into US economy •The Federal Reserve inserted an extra trillion into the financial system by purchasing Treasury bonds and mortgage securities. •*Im not financial expert, but it sounds these guys are just printing dollars •*where did we get one trillion dollars from? www.iht.com Dollar Heads for Record Weekly Loss Versus Euro as Supply Rises •The dollar headed for a record weekly drop against the euro after the Federal Reserve ramped up supply of the currency by unexpectedly saying it will start buying Treasuries. www.bloomberg.com Lam Research to cut 375 more jobs www.reuters.com Pa. lost 41000 jobs in February, most since 1996 www.forbes.com California’s median home price down 40% •The state median fell to 4000 in February, compared with 3000 a year earlier, tracking firm MDA DataQuick says. www.latimes.com Foreclosure in WA Harrison and four competitors have qualified to bid on a

25 Comments
Jan 28, 2011
4:06 pm
#1 violafinishda :

The Oil companies are trying their best to stop free energy ideas from spreading to common people.
We need to put an end to this corruption ,start generating your own electricity now.
Visit LT-MAGNET-MOTORdotCOM and get the blueprints . Join the Revolution!!

Jan 28, 2011
4:16 pm
#2 MADDKNOCKER :

Damn bro get from in frot of the computer and go for a run you getting fatter by the second.

Jan 28, 2011
4:20 pm
#3 zeineguy :

So can I ask? Homes that were priced at $600,000., are selling for 250,000. Just want to know who is going to buy a 250,000 house? I am from canada and you need 5% down and at least $80,000 annual income to even try to buy a home. and soon they will need 10%. Are they still giving out 0% down mortgages in usa? My other question is this: how much did it cost to build these homes?

Jan 28, 2011
4:41 pm
#4 iicce :

no free speech here it seems good job youtube

Jan 28, 2011
5:07 pm
#5 iicce :

seem the no youtube free speech in effect ,it wont let me tell the truth , good work youtube , bankers r the blame , over printing dollars devalve the dollar , get ready for the bottom to drop out , if you think you seen the worst srry folks you havent seen nothing yet

Jan 28, 2011
5:46 pm
#6 iicce :

seem the no youtube free speech in effect ,it wont let me tell the truth , good work youtube , bankers r the blame , over printing dollars devalve the dollar , get ready for the bottom to drop out , if you think you seen the worst srry folks you havent seen nothing yet

Jan 28, 2011
6:21 pm
#7 iicce :

they new this would happen when their started all this crap , printing more money make the money wortless , colaspe on the way be prepared . jobless recovery lol what moron came up with this and expected people to beleive it hmmm I wonder if people do beleive it . no recovery without jobs , production increase creates recovery which in turn creates jobs ,no job means no production, less jobs means less production. sorry folks no getting out of this one ,this crap cause by bankers who r in power

Jan 28, 2011
7:10 pm
#8 mark2444 :

got a point demcad

Jan 28, 2011
7:25 pm
#9 quenarosima :

Nice try. Keep it up check out esteembpo + com for social media marketing. n mn

Jan 28, 2011
7:26 pm
#10 MonroeOgden :

Nice work. keep it up. mean time come for social media marketing for esteembpo**com dfg

Jan 28, 2011
7:57 pm
#11 snitchboy12 :

I wish I was black so I could use that statement a lot.

Jan 28, 2011
8:42 pm
#12 viperbitea :

I’m all for incentives such as the electric car because the gov. pays for something to get done. I’m not cool with all the free handouts going on right now . the gov should spend our money on things that get stuff done.

something else you didn’t bring up. do you think it’s odd that with such a large cash inflow over normal we still have to make all of these cuts?

Jan 28, 2011
9:31 pm
#13 modelmark :

The collapse unfolds pretty much like Ayn Rand wrote about in her novel Atlas Shrugged. The country is run by more and more violent people who fight wars and take measures like subsidizing an electric car with money stolen from productive people. They haven’t got a clue what caused the problems and want to solve it by stealing more money and giving it to their friends, with moral excuses provided by academics they pay.

Jan 28, 2011
10:29 pm
#14 Adonisdfhf :

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Jan 28, 2011
11:29 pm
#15 TheCZMan :

Do you equate your use of terms like synchronised depression, worse than the great depression with economic collapse?
Are you positive there will be an economic collapse?

Jan 28, 2011
11:43 pm
#16 Lynchian74 :

Want it to happen? Yeah I really want Mad Max Bikers hovering around me. Sorry I know enough about economics to interpret what is happening. The statistics around the world convey a synchronised depression, the first time ever. This is worse than the great depression. And I’ve been blue in the face explaining this to the polyanna’s for the past year. Hyperinflation is on the horizon.

Jan 29, 2011
12:40 am
#17 yocanbanconit :

I sold my home in California back in 2001 at a 300% profit and moved to a house on 9 acres in the Midwest. I’m so much happier here–different people, different culture. When the price of heating fuel shot up I just burned wood from the forest outside my door. Maybe a 40% decline is the bottom for Ca. real estate, maybe not. In any case, they’re going to have to reboot their operating system.

Jan 29, 2011
1:24 am
#18 Rizky06 :

Or Maybe AIG is nothing but a Casino!!!!

Jan 29, 2011
1:49 am
#19 Rizky06 :

Let’s Hope we don’t start Bailing out Casinos!!!

Jan 29, 2011
1:58 am
#20 davincij15 :

Government can not tell the free market by law or with a carrot what kind of cars to make. It distorts the free market because politicians are not smart enough to know what the free markets want.

Sure it sounds like a good idea but a better idea is to remove all the auto restrictions that prevent a new car company from creating a car.

Jan 29, 2011
2:48 am
#21 hstone39 :

He absolutely right, this economic crisis will bring out the best or the worst of people’s character. We will see who they really are when the economic crisis does happens.

Jan 29, 2011
3:34 am
#22 edstar83 :

5 stars

Jan 29, 2011
3:49 am
#23 FrankinHolland :

This guy is different. Right on! Keep it up!

Jan 29, 2011
4:40 am
#24 TheCZMan :

Within six months? one year? ten years? one century? One millenium?

Get real, there will be no economic collapse. Check my comments, I give insights on what is going to happen, nothing like the grand finale you people want to happen…

Jan 29, 2011
4:40 am
#25 TheCZMan :

US citizens cant behave.

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