3 Things to note
Three things came up this weekend that do NOT bode well for the economy. First, George Will mentioned tha the last time we had a large loss in capital similar to what we are seeing in the housing industry was the .com bust in the ’90’s. Second, the New York Times does a review of the top 5 stories for the past week in their Sunday paper. Four of the five were bad news about the housing sector. The other was about the rising price of oil. Third, the largest low end house builder in the Milwaukee is selling off large tracts of vacant land.
Well, nuts.
Written by Jim Norton for b5media on smallbusinessboomers.com