Housing Crash?: U.S. Existing Home Sales Fall By The Most In Six Years

Home For Sale - Public DomainWe just got more evidence that a major economic slowdown is underway here in the United States.  Existing home sales were down a whopping 7.1 percent during the month of February, and this represented the biggest decline that we have seen in six years.  This is yet another sign that we are in the early stages of a new crisis that is eerily reminiscent of what happened back in 2008.  The truth is that most U.S. consumers are tapped out, and when you are tapped out it is really hard to get a mortgage.  Banks aren’t really fond of lending money to people that can’t pay it back, and in recent years housing prices in many areas have risen to levels that are beyond the reach of most middle class families. (Read More...)

Now That The Super Bowl Is Over, Here Are 17 Facts Which Prove America Is A Debt Pig That Is Deeply Addicted To Debt-Fueled Prosperity

Wasn’t the Super Bowl wonderful this year?  Congratulations to the Green Bay Packers!  It is amazing how much money people will spend to attend this game each year.  Just a few hours before kickoff, some tickets were selling for over $4000 a seat.  Not that it wasn’t a great show.  It turned out to be a really great game and it was held in perhaps the most extravagant sports facility ever constructed in the history of mankind.  Even the halftime show, featuring the Black Eyed Peas, was a spectacle of historic proportions.  This year the Super Bowl truly was quite a grand party.  In America, everything always has to be bigger and better.  We take pride in constantly outdoing ourselves.  Other nations of the world look at our great prosperity in envy.  But do we ever stop to ask ourselves where all of this great prosperity has come from and if we can continue to afford it all? (Read More...)

Do NOT follow this link or you will be banned from the site!