08-30-2007, 07:23 AM
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#24 (permalink)
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Junkie
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Quote:
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Originally Posted by ratbastid
In my humble opinion, you have to have your head pretty far up George Bush's ass to not realize there's something dramatic happening.
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Or, perhaps my head is not up his ass...and there is actual data to support that it is not.
Today's WSJ:
Quote:
WASHINGTON -- U.S. house prices appreciated 3.2% in the second quarter of 2007 from a year before, the Office of Federal Housing Enterprise Oversight reported Thursday.
Meanwhile, the U.S. economy was stronger during the spring than earlier estimated, the government said Thursday, revising the growth rate higher because business spending and exports were better than first thought.Ofheo said prices rose only 0.1% in the second quarter from the first quarter, the lowest quarterly increase since 1994.
"House prices were basically flat in the second quarter despite tightening credit policies, rising foreclosure rates, and weakening buyer sentiment," Ofheo director James Lockhart said. "Significant price declines appear localized in areas with weak economies or where price increases were particularly dramatic during the housing boom."
Ofheo reported that housing markets were the strongest in western states. From the second quarter of 2006 to the second quarter of 2007, house prices rose on average 15.3% in Utah, 12.8% in Wyoming, 9.1% in Washington, and 9.1% in Montana.
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http://online.wsj.com/article/SB1188..._us_whats_news
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"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."
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