Housing market's false hope

commercial and residential Real Estate prices have been falling for three years now and these things do not tend to reverse themselves quickly Economist Robert Shiller Economics professor at Yale University tells CNN that the recent boost in consumer confidence won't link to a turnaround in the housing market.On the other hand while confidence is up unemployment is rising sharply we are at 9.5 % and it will even rise higher . Nouriel Roubini talks about 11% unemployment in 2010...

New Agency to watch for Credit Cards and other financial products

President Obama is expected to unveil a new government agency Wednesday that will watch over financial products offered to consumers such as Credit Cards , Mortgages ...consumer product safety commission ...the last bust in the economy was partially caused by the fact that many people took on mortgages that they could never pay in a million years and they were taking on loans on credit cards that had 25% or 30% interest rates , people should be more responsible but financial companies should be more responsible too , and that's what's this watch dog agency is all about

Bob Chapman on Radio Liberty June 15 2009

Bob Chapman The International Forecaster on Radio Liberty this 15 June 2009 talking about Oil Prices and its new records heights in prices which could be devastating for the American economy that is not recovering yet , the elections in Iran the gold and silver prices the dollar Obama health care the inflation the stock market The Central banks the FED , the treasury bonds the housing crisis , Bob Chapman says " no currency is a good place to be you should go to Gold and Silver Now"
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