Double Dipping Democrats

Discussion in 'Economy' started by Lumpy 1, Jun 2, 2011.

  1. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Well... with Democrats in charge the inevitable failure has followed...Spend more, grow government and by no means cut spending has yielded a classic Democrat result... Failure...

    :(......I suspect they'll blame someone else

    WASHINGTON (MarketWatch) — U.S. home prices fell in March for the eighth straight month, confirming the beleaguered housing market has entered a double-dip recession, according to a closely followed index released Tuesday

    Home prices in 20 major U.S. cities declined 0.8% in March on a non-seasonally adjusted basis, according to the Case-Shiller home-price index released by Standard & Poor’s.

    Prices fell in 18 of 20 cities in March on a monthly basis. Only Washington, D.C., and Seattle showed advances. Over the past year, only Washington, D.C., has seen prices advance.

    Prices fell 3.6% on a year-over-year basis in March, compared with a 3.3% year-over-year drop in February.

    The 20-city index is now below its April 2009 trough, meaning that home prices have fully retreated from gains posted from May 2009 through June 2010, putting housing in a double-dip downturn.

    “Home prices continue on their downward spiral with no relief in sight,” said David Blitzer, chairman of the index committee at Standard & Poor’s.

    Housing in double-dip decline as prices fall again Economic Report - MarketWatch
     
    Last edited: Jun 2, 2011
  2. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    and... don't get me started on manufacturing declines, national debt or unemployment figures...sheesh...
     

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