If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left. With Fannie Mae, you would have $2.50 left of the original $1,000. With AIG, you would have less than $15 left. But, if you had purchased $1,000 worth of beer one year ago, drunk all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214 cash.

That right there just leaves me in utter disbelief. That’s how bad this whole economic crisis came down to, huh? Glad that Safeway is selling 18-Pack Bud Light beers for $13.99!

The stock markets took another 350+ point dip today also. Too many investors are scared right now, and the panic that they’re facing is causing these drops. Please calm down, America!!!

But there’s some bright-side news I have for you. There’s a housing relief organization called “Hope Now” and they’ve helped 189,000 troubled homeowners from going into foreclosure in August. And the number of homeowners helped in August was 1.7% less than the number helped in July. Significant when we’re talking about more than 100,000 people, but they say it’s not significant enough to be signifying a bottom of any kind.

It’s going to take time to get stable in this wobbly market. Let’s just hope that it doesn’t take too long.

This entry was posted on Thursday, October 2nd, 2008 at 1:14 pm and is filed under General Real Estate News, Mortgage & Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.