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Consumer pessimism
Not since the unlamented days of the 1973 oil embargo have Americans felt as gloomy about the economy as they do now
Andrew Leonard [2008-03-25]

  • Home Equity is a poor component of Net Worth

    I've never understand the wealth effect that comes from increased home equity. It's not like people who are house rich actually decide to sell and move. A home is place to live, not an investment. Until people are willing to relocate willy nilly based on home equity to view it as such is financial trap.

    -- AskDong
    [Read AskDong's other letters]
    Tuesday, March 25, 2008 09:28 AM
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