Monday, March 10, 2008

Goldilocks vs. Humpty Dumpty

Some snippets from Barrons on the worsening economic conditions.

  1. Housing foreclosures at an all-time record high of 0.83%
  2. 5.8% of homeowners behind on mortgage payments, highest in two decades
  3. House prices fell 8.9% in 2007
  4. Homeowner's equity fell to 47.9% the lowest since 1945
  5. 101,000 private sector jobs were lost in February

We're in a Humpty Dumpty economy. It's broken and the Federal Reserve and Fedreral Government are trying to put the pieces back together again.

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