Economic Terrorism or Price Inflation???
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.
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.
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?