Homestead mailing list

["Lisa K.V. Perry" <lisakvperry AT gmail.com>]

On Fri, Aug 1, 2008 at 10:10 AM, Don Bowen <don.bowen AT earthlink.net> wrote:

> To that end I have been trying to come up with a guess on what the future
> may look like. So what do you all think things will be like by this time
> next summer?
>

In contemplating next August, I thought back to one year ago and all that
has happened in the last year.

A year ago the subprime debacle began, though it feels like it's been much
longer (like the run up to the election). Since then, Bear Stearns and
IndyMac have failed (or whatever term you call it). Fannie and Freddie have
been propped up as have countless major banks. Airlines, stores and
restaurants have filed bankruptcy and closed. We have rising unemployment
and falling home values in major metro areas. Food costs for staple items
are up significantly.

It gives one pause....

Lisa