
The Basil/Nelson Team at Prime Mortgage vox is definitely on a roll....
www.wnd.com
A one-time skeptic of fiscal stimulus, [German chancellor] Ms Merkel plans what amounts to a third stimulus package worth about 7 billion ($10.4 billion), starting on January 1st. The Economist, Oct. 31, 2009 The mainstream media is full of reports of e

The Basil/Nelson Team at Prime Mortgage Vox Day connecting the dots...
www.wnd.com
Crowd gathering outside New York Stock Exchange in October 1929 Drawing striking comparisons between the Japanese economy in 1988 and the American economy today, a new book by an author who predicted the current crisis warns it's going to get much worse

The Basil/Nelson Team at Prime Mortgage
No, they can't make you..... http://www.sfgate.com/cgi-bin/article.cg i?f=/c/a/2009/10/06/BUQI1A1GE8.DTL&tsp=1
www.sfgate.com
(10-05) 20:07 PDT -- When Kimberly and Derek Hayes went house hunting, they bumped into an unusual requirement that raised their hackles. If they wanted to bid on a bank-owned foreclosure, the bank insisted on doing its own credit check of the couple, said Kimberly, 42, a Web writer.

The Basil/Nelson Team at Prime Mortgage More up-to-the-minute news on the developing consumer climate.....
www.bloomberg.com
Scott Conroy pays the mortgage every month on his one-bedroom condominium in San Diego, even though it’s worth 33 percent less than what he owes and it may take more than a decade to break even.

The Basil/Nelson Team at Prime Mortgage ...and he's a Keynesian, no less...
seekingalpha.com
With large continuing trade deficits, declining manufacturing and rising public debt, we cannot expect a recovery. Worse, we can expect economic conditions to deteriorate until we face the prospect of a total collapse in the United States economy. Here is why.

The Basil/Nelson Team at Prime Mortgage Good Read.....
seekingalpha.com
The Fed announced yesterday they would taper down their mortgage subsidy program to end in about 6 months (start of Q2 2010, there had been speculation they would cold turkey it end of 09, that would be like landing a plane using the nose dive technique). ...

The Basil/Nelson Team at Prime Mortgage Oh my goodness, who would have thought that things were worse than the government was telling us??!! They have now come to the astounding conclusion that most of us came to a year ago....and they think its news....!
news.yahoo.com
The federal government faces exploding deficits and mounting debt over the next decade, White House officials predicted Tuesday in a fiscal assessment far bleaker than what the Obama administration had estimated just a few months ago.

The Basil/Nelson Team at Prime Mortgage Roubini weighs in on the 'recovery'.....
www.ft.com
Nouriel Roubini on the shape of a recovery

Tom I am glad you have critical thinking abilities, unless Cramer et al, at CNBC...:) Your customers will be well served.

The Basil/Nelson Team at Prime Mortgage Maybe this will help reconnect the disconnect between 'recovery' and reality....
finance.yahoo.com
WASHINGTON (AP) -- Retail sales disappointed in July and the number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week. The latest

The Basil/Nelson Team at Prime Mortgage Another disconnect between the 'recovery' and reality.....
www.bloomberg.com
Consumer bankruptcies show no sign of abating after rising more than a third this year and may hit 1.4 million by Dec. 31 as jobs are lost and loans are harder to get, according to the [bn:URL=http://www.abiworld.org] American Bankruptcy Institute [].

The Basil/Nelson Team at Prime Mortgage Sobering value projections from Deutschebank...read on....
news.yahoo.com
The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.

The Basil/Nelson Team at Prime Mortgage Read my lips.......no new taxes......
finance.yahoo.com
WASHINGTON (AP) -- President Barack Obama's treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief

The Basil/Nelson Team at Prime Mortgage so ponder this.....
dailyreckoning.com
The recent uptick in home prices is examined with commentary by Ian Mathias and David Blitzer.

The Basil/Nelson Team at Prime Mortgage The DOW is over 9000, The S&P Index has rallied 11% recently, housing numbers are 'less bad'....is it over? Are we recovering? Or is this just the temporary blip we get by spending 13 trillion dollars? Time will tell....
www.bloomberg.com
Home prices posted their first monthly gain in three years in May, a gauge of values in 20 major U.S. cities showed, reinforcing signs of stabilization in a market hammered by the worst slump since the 1930s.


















