Economics Links - 04.23.08
by Sean Hackbarth
- Homes sales continue to decline with some economists thinking that will continue as foreclosed homes hit the market and prices continue to fall.
- John Dugan, U.S. comptroller of the currency, expects to see bank failures above “historical norms.” That’s after three-plus years of few failures.
- Robert Novak wants conservatives to notice John McCain’s corporate tax cut plan instead of his CEO bashing.
- A Zogby poll found most Americans prefer owning a home to renting, 30% know someone going through a foreclosure, and 22% said they’d lose their home or apartment if they had an “unexpected short-term job loss.”
- John Stossel wants us to keep things in perspective: “Ninety-eight percent of borrowers are not in foreclosure. Only a small percentage of them are even late in payments.”
