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Blog Details for "Drinking Is Believing"
Drinking Is BelievingDrinking Is BelievingDrinking Is Believing is a website that highlights top stories about Real Estate and the Economy. The term Drinking Is Believing is a reference to the concept of Drinking the Kool-Aid. At drinkingisbelieving.com, we highlight some of the theories and
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Worst Price Drop Since 1970
2007-11-30 13:40:00 CNN (oh we love CNN) is reporting that home prices have experienced the worst drop in 37 years, and the pace of sales has fallen short of forecasts by experts. The report showed that the median price of a new home sold in October plunged 13 percent from year-earlier levels to $217,800. It was most ... More About: Real Estate , Price , Drop
Enron seeks $20B from Citi
2007-11-30 03:00:00 CNN Money is reporting that Enron is seeking $20B from Citi in a lawsuit recently filed. Let’s get this out of the way first: Yes, Enron still exists! But it’s called Enron Creditors Recovery Corp., it has just 36 employees, and it exists for one reason: to pay creditors. To date, those creditors have gotten 36 ... More About: Kool-Aid
White House Predicts Slower Economy
2007-11-29 19:04:00 CNN reports that The White House lowered its forecast for economic growth next year with rising unemployment, the housing market slump, and a credit crunch weighing on economic activity. Inflation, however, should improve. The White House expects consumer prices to increase by 2.1 percent next year, a moderation from a previous forecast of a 2.5 percent ... More About: Economy , Kool-Aid
Old Adages
2007-11-27 17:18:00 After a well needed break, the KoolAidMan is back! During the time off, he’s been disconnected from the markets and the media, however upon returning it seems that not much has changed. Housing values haven’t rebounded yet, and the markets are still jittery. Instead of linking to a top story about home values dropping again, we ... More About: Economy , Real Estate , Stock Market , Investing , Ages
Economy To Slow In 2008
2007-11-20 23:50:00 The United States may or may not be on the brink of a recession, but one thing that’s certain is that our economy is starting to slow down. There are several causes, however most of the blame lies with problems with easy credit that were fueled by historically low interest rates. CNN (and every other media ... More About: Economy , Stock Market , Slow , Kool-Aid , 2008
Big Bonuses Paid While Shareholders Lose
2007-11-19 14:39:00 Shareholders in the securities industry are having the worst year since 2002, however Wall Street is paying a record $38 Billion in bonuses this year. Goldman’s record earnings and gains at Morgan Stanley and Lehman mean all the New York-based firms will be forced to pay more in a year when all but Goldman lost ... More About: Stock Market , Shareholders , Paid , Kool-Aid
?It?s A Symptom Of The Whole Thing Unraveling?
More articles from this author:2007-11-15 15:32:00 The San Francisco Chronicle ran an article about how the increasing number of foreclosures are affecting entire communities. “The losses (from foreclosures) are extending to neighbors and to entire communities,” said Martin Eakes, chief executive of the Durham, N.C., Center for Responsible Lending, which released the survey on Tuesday. “The spillover effect is disturbing because ... More About: Real Estate , Thing 1, 2 |
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