Coral Gables Parks
August 11, 2010 Leave a comment
Of possible interest.
Double-Dip Risk
August 11, 2010 Leave a comment
A very respected economist calls for more stimulus.
There’s more than a 50% chance the economy is heading for a double-dip recession. And noted economist and author Robert Shiller tells MarketWatch News Break that the Federal Reserve may now lack the power to end the gloom and doom. Shiller now wants Washington to pass a new job-creating stimulus package.
via Shiller sees significant likelihood of double-dip MarketWatch News Break – MarketWatch.
Home Prices Up, But Not For Long
August 11, 2010 Leave a comment
This is temporary due to the tax breaks. Prices should head down again–including Coral Gables.
Home prices rose in nearly two-thirds of U.S. cities this spring as buyers took advantage of tax incentives that gave the struggling housing market a temporary jolt.
via Median home prices up in 2Q in most US cities – Business Breaking News – MiamiHerald.com.
Just in Case You Think I am Too Pessimistic: “Fed downgrades recovery outlook
August 11, 2010 Leave a comment
Nothing much too add here.
Fed officials significantly downgraded their economic outlook, saying the “pace of recovery in output and employment has slowed in recent months” and was likely to be “more modest” than anticipated in the near term.
via FT.com / US / Economy & Fed – Fed downgrades recovery outlook.
Coral Gables Watch 