(HD) G-7 Power Evaporating…says “Step Up” to lower tier Economies
June 27, 2010 - 6:13 pm
AwakenSafely brings a quick look at the news emerging from the G-7 Conference in Rome. WATCH IN “HD” for good text readability 
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Also….here are some other interesting articles:
BIG STORY***: “Perfect Storm” of global corporate insolvency:
http://www.bloomberg.com/apps/news?pid=20601109&sid=avdSM3l3EK9c&refer=home
Japan has RECORD volume of mortgage bonds maturing (huge exposure in commercial real estate financing)
http://www.bloomberg.com/apps/news?pid=20601101&refer=japan&sid=aCtHDX176Nw8
Lloyd’s of London leads slide in European financial stocks on nationalization fears:
http://www.bloomberg.com/apps/news?pid=20601087&sid=artqYkcQKOxc&refer=home
Duration : 0:3:33
We went and looked at some real estate this weekend to see how it’s bottomed. All it did was worry me more. I’m sure my city is different than the ones the news must be reporting. The real estate crisis is not over, at least I don’t think it is. People have been hammered with the price drop in the last couple of years. Reality is just starting to set in for some. I think the high end home owners are in the most denial. The reality of real estate, who is able to afford huge mortgages when most should are just thankful they have a job. I’ve noticed the cost of goods (food, shipping costs, wholesale prices) are much higher and these prices are go to be passed down after some time. I think we will see or are seeing deflation with home prices still and hints of inflation on most other goods and services. H1N1 should help screw up our service based economy as soon as flu season hits. How’s your home town doing? That’s all I have.