“For those of us who believe in democracy and the rule, this should serve as a wakeup call.” They are actively subverting democracy, they’re undermining hard-won human rights, they’re ignoring international law,” Obama said. “The fact is autocrats, and aspiring strong men, have become emboldened around the globe. In the speech, which was co-hosted by the Freeman Spogli Institute and Stanford Law School Cyber Policy Center and the Obama Foundation, Obama said democracy was failing around the world, and cited the Jan. I don’t have much illusion about it, it won’t happen, so we are in for a rough ride.On Thursday, former President Barack Obama delivered a speech at Stanford University on the perils of disinformation. Many investment decesion are made based on tax dodging and special interst, federal subsidiesĮtc. Have sales tax on everything? That would stop all the special interst and level the playing field with every investment. Where did all the money go? We are in for a long haul before it gets better. Even with trippling of its income since ten years ago. Stop supporting illigals in direct/indirect costs (schools, medical benefit etc) paying less in future benefits to its own employees, just like the private industry must do. Maybe, even our governments will recognize that Home sizes been growing that should not have, now it may just gets back to where it should have been for long time. Today, the average worker must chose between filling up his/her (SUV) orīuying groceries. Not there yet as taxes, government regulations, added cost of rising inflation (three times higher than the public is led to beleive). When prices decline to levels where wages the average public can pay with, than we’ll have the bottom of home prices. Prices, everyone could just tap into their new found welth from their equity. It didn’t mater that salaries could not keep up with rising For so many years, homes prices went through great leaps to levels that made no sense at all Careless lending practicesthat was great for everyone involved.īuilding supplieers, builders realtors, mortgage brokers, Wall Streeters, pension funds and of course all local State and the Federal government.

Housing prices will stabilize once equilibrium is back. If that is strong, you have to wonder what would be viewed as weak. Was the worst one since the Depression, and one from the 1990-’91 recession.Īnd we are told that “prices for United States Treasury bonds were down after the stronger-than-expected data.”

But there is just one from the 1973-’75 recession, which, overall, You will note that list contains a lot of months from the early 1980’s recessions, when soaring interest rates devastated the housing market. Well, it seems that apartment starts were up a bit in the month, so total housing starts were only down a little from January, and came in better than some had forecast.įor the single family numbers, here is a list of the worst months since 1969, in terms of seasonally adjusted annual rates. ‘The housing industry is in a recession.’ ” Said Josh Stiles, Bond Strategist at IDEAGlobal in New York. Reuters reports ” ‘I wouldn’t put anything in that little bounce,’ The housing industry was supposed to be hitting bottom.Ģ. The government reports that the number of single family homes started in February, at a seasonally adjudted annual rate, was 707,000, the lowest total since January 1991 and down 40 percent from a year earlier, when You know that expectations are down when:ġ.

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