Loren Thompson took time off from the usual discussions of defense issues to post this startling fact....
A drop of over 50% in home value in four years?
Even counting inflated home prices that cutting into the muscle. The funny thing about this financial crisis is that no has called it what it is.
The bailouts are governments worldwide attempting to keep a flawed system in place.
Until economist stop lying about our current economic situation.
Until our legislative and executive branch man's up and deals with the situation.
Then you can bet that this 'occupy wall street' is going to be a tempest in a teapot.
The Global Works Foundation reported a startling statistic last week. Between 2007 and 2011, the equity that U.S. families had in their homes declined from $12.9 trillion to $6.2 trillion. In other words, 52 percent of all home equity in the U.S. disappeared over the last four years.That's freaking insane.
A drop of over 50% in home value in four years?
Even counting inflated home prices that cutting into the muscle. The funny thing about this financial crisis is that no has called it what it is.
Its globalization unwinding.
The bailouts are governments worldwide attempting to keep a flawed system in place.
Until economist stop lying about our current economic situation.
Until our legislative and executive branch man's up and deals with the situation.
Then you can bet that this 'occupy wall street' is going to be a tempest in a teapot.
