Krugman on the housing market



It is a grim message from one of America's most respected economists. House prices are coming down, and unemployment is going up.

1 comment:

Penny Stock Newsletter said...

I see no solution to the dire job situation. This is a terrible terrible situation for anyone not employed. And a very bad situation for those already employed. I believe that it will worsen. Think about this even in the very best of times companies were in some cases very unwilling to give decent raises and benifits. Now we have a situation where they don't even need all the personal they have now. In a environment like today a company can easily get away without giving raises or even offering benifits in many cases. Earnings of fortune 500 companies are at record levels. The problem is not that most companies are unable to compensate their employees fairly its that they just choose not to do so.