“Lower house prices, widely forecast for next year in the aftermath of the mortgage debacle, sound ominous. Wealth will be lost on paper for many homeowners and in reality for those who sacrifice home equity through sales or foreclosures.
But as a general theme for next year, trends in personal income and spending will be more influential in determining the investment climate than will trends in personal wealth, as represented by home equity.
The critical questions are, will consumers face a pump price of $4 a gallon or more for gasoline, and if they do, will they pay it without curtailing their other spending habits?”
—Bill Barnhart writing in the Chicago Tribune
(Visited 39 times, 1 visits today)