We Lost Some Millionaires

Posted by on Apr 19, 2009 in economy

Here is an interesting article  http://money.cnn.com/2009/03/11/news/economy/millionaires_2008/index.htm “Research report shows the number of American households with $1 million net worth declined 27% last year.” It discusses how there are about 2.5 million fewer millionaires then there were last year due to the housing crisis and economic crisis.  They said it’s due to all asset classes from stocks, 401k, ira’s, houses, etc.  Millionaires surveyed...

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Late January 2009 The Economy, Jobs and housing

Posted by on Jan 27, 2009 in economy

It’s January 27th, 2009, and as we come to the end of January 2009, let’s review some of the recent highlights for this early week and month and what’s happening to the real estate market, housing, jobs and the economy.   I am currently reading The Great Depression Ahead by Harry S. Dent, Jr. which clearly says 2012 it is very likely to get worse.  This month so most of the largest companies in America report enormous 4th quarter losses.  Let’s...

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