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China Takes Bold Step to Fix Housing Market By Vicky Ge Huang
China announced plans to clear a backlog of unsold homes, but questions remain over scale and financing. Meanwhile, the housing. -May 20, 2024 at 07:17 am EDT - MarketScreener ....
Increasingly bleak. unemployment is up. consumer prices rising, manufacturing down, home prices falling, consumer confidence dropping, economic growth slowing, dollar is sinking and layoffs continue and yet the president calls the latest news, quote, a bump in the road. it certainly more than that for millions of americans who are suffering terribly. does the president need to change his strategy but his rhetoric, as well? the american economy is based on a balance of supply and demand. right now there is no supply side solution. what we need demand side solution. we need americans with jobs and we need, americans with money in the pocket ready to spend. gregg: does the president need to change his rhetoric and his strategy? obama has been focused on jobs from day one, putting out a message we need to get america to get back to work. we need a stimulus and stabilize ....
Down, as unemployment numbers come down confidence numbers go up and they ll spend more and maybe make the big one, the home price we saw this morning, being so bad may turn the corner as well. again, a lot of this has to do with mr. obama signing the tax credits going forward, for another two years and that will turn confidence around, but, if not, if not slowly, maybe a little quicker than slowly and, hopefully quicker and hopefully he ll address it tonight. martha: before i let you go, the sentiment around the country, and we talked to economists is we are in recovery. lame as it may be in some ways, do you believe we are in the beginning stages of the recovery. absolutely. absolutely. we should be. martha, you have done this a long time, recessions last a year-and-a-half, sometimes two years and we are really going on a two, two-and-a-half years recession and i don t care what the stock market does and the minor 2.5% growth number that may show that takes us out of the technical ....