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alstry (36.34)

Economic Terrorism or Price Inflation???

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April 13, 2009 – Comments (5)

Manhattan apartment rents fell as much as 5.9 percent in March from a year earlier as rising unemployment damped demand, Citi-Habitats Inc. said.....
The average declines for March don’t reflect concessions offered by landlords, such as a free month’s rent, that lower the overall cost, [Gary Malin, president of Citi-Habitats] said.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=amc0D0.usvwY

Japan’s wholesale prices fell at the fastest pace in almost seven years.....

Since February alone, Equity Residential has lowered its Manhattan asking rents by an average of 13%, said Michael Levy, an analyst at Macquarie. That reduction came on top of a 15% cut over the previous year.

We KNOW that wages are crashing, home prices are crashing, commercial building prices crashing, resiential rents are crashing, commercial rents crashing, transportation costs crashing, hotel rates crashing.....

The three key costs going up are interest rates banks charge Americans, taxes government charges its citizens, and health insurance rates as wages evaporate.  How long do you think wages can keep crashing and taxes, interest and insurance d costs can keep increasing....all the while banks keep extorting trillions in free taxpayer money?????

Is the above inflation....or economic terrorism against American citizens??????

Are we punishing the toxic debt junkies but giving hundreds of millions in bonuses to the pushers???

Federal prosecutors on Tuesday announced unprecedented charges against individuals involved in an alleged mortgage fraud ring involving 220 properties in San Diego County, with total purchase prices topping $100 million.

http://www.voiceofsandiego.org/articles/2009/04/07/housing/843rico040709.txt

What about punishing the banks for infecting and overdosing the economy with trillions upon trillions of debt that bankers knew or should have known could NEVER be paid back!!!!!  What happens to a doctor who KNOWINGLY prescribes too much medication to a patient?

Prepare...Don't Fear.....

5 Comments – Post Your Own

#1) On April 13, 2009 at 4:49 PM, dudemonkey (38.18) wrote:

No one actually rents from Citi-habitats, do they?  Those guys were always overpriced and charged ridiculous fees.

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#2) On April 13, 2009 at 5:20 PM, alstry (36.34) wrote:

Since February alone, Equity Residential has lowered its Manhattan asking rents by an average of 13%, said Michael Levy, an analyst at Macquarie. That reduction came on top of a 15% cut over the previous year.

EXPLODING UNEMPLOYMENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Oregon Unemployment Rate Ties Record High in 60+ Years

Oregon’s seasonally adjusted unemployment rate rose to 12.1 percent in March from 10.7 percent (as revised) in February. The state’s unemployment rate has risen rapidly and substantially over the past nine months, from a rate of 5.9 percent in June 2008.  (CalRisk)

Where do you think Oregon's unemployment rate will be in just six more months now that is increasing parabolicly?

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#3) On April 13, 2009 at 7:33 PM, unvrsldeflation (81.83) wrote:

Interesting point that you bring up here about the stragglers raising their charges while everywhere else there is deflation of prices. The college I go to in Colorado, where the state is cutting back on education spending (going to last in the nation), is talking about a 53% tuition increase. That, combined with the loss of in-state tuition reimbursement probably means I won't graduate. I have been able to make it without borrowing so far. There is no way that I will borrow into the teeth of deflation. If I thought that the probability was higher that we would have inflation I would borrow, but I don't see that. It looks like a few more semesters, in which I will pick courses that will give me a sellable edge, and then hope that things have changed or that chapter is closed.

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#4) On April 13, 2009 at 7:41 PM, alstry (36.34) wrote:

The question is whether our economy is intentionally being shut down?????????????????????????????????????????????

If you look at the facts, the facts don't look good.

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#5) On April 16, 2009 at 10:42 AM, EHoyle80 (< 20) wrote:

The Stock Research Portal is mystified with the continuing economic optimism of the experts. Here’s how he sees the near future: “More Job Losses → Less Consumer Spending → No Change or Lower House Prices → Further Declining Consumer Confidence → Less Government Taxes Collected → Larger Government Deficits → Ongoing Recession (or worse).”

 Via Stock Research Portal

 Good post. It's not a great feeling when you can't find anything positive going on in the market.

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