Submitted by Bermuda Bob on Thu, 09/09/2010 - 5:21pm.
...Mortgage $$$ go ???
- What happens to the inventory when there are no buyers who qualify under these new, virtually impossible, requirements ???
- Why are the banks being allowed to sit on all the "Stimulus" $$$ they got and not loan it out to small business and/or homeowners ???
- What happens to the inventory of homes foreclosed upon when there are no qualified buyers to occupy them ??? Why not renegotiate with those who cannot afford those ARM's ???
In this economy, one needs to look in between the lines to see the real truth ... Unemployment just below 10% means it's really somewhere around 15% to 20% when those statistics do not take into consideration:
(A) People whose Unemployments Benefits have expired, or
(B) People who were not able to collect Unemployment Benefits, or
(C) People are forced to take jobs @ substantially less or half of what they formerly made ...
These all affect, but are not counted, in that 9.6% Unemployment Rate !!!
Lastly, one needs to remember that when government statistics are released, they are always "massaged" because the Administration in power needs to look good ... and ... everyone knows it affects the stock markets worldwide !!!
So, Where Did All the ...
...Mortgage $$$ go ???
- What happens to the inventory when there are no buyers who qualify under these new, virtually impossible, requirements ???
- Why are the banks being allowed to sit on all the "Stimulus" $$$ they got and not loan it out to small business and/or homeowners ???
- What happens to the inventory of homes foreclosed upon when there are no qualified buyers to occupy them ??? Why not renegotiate with those who cannot afford those ARM's ???
In this economy, one needs to look in between the lines to see the real truth ... Unemployment just below 10% means it's really somewhere around 15% to 20% when those statistics do not take into consideration:
(A) People whose Unemployments Benefits have expired, or
(B) People who were not able to collect Unemployment Benefits, or
(C) People are forced to take jobs @ substantially less or half of what they formerly made ...
These all affect, but are not counted, in that 9.6% Unemployment Rate !!!
Lastly, one needs to remember that when government statistics are released, they are always "massaged" because the Administration in power needs to look good ... and ... everyone knows it affects the stock markets worldwide !!!