Quote:
Originally Posted by Quirkygal
Title
Some Homes Worth Less Than Their Copper Pipes
Link
Some homes worth less than their copper pipes | U.S. | Reuters
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Excerpt
"Shards of broken glass outside the basement window of 31 Vine Street hint at the destruction inside the three-story home.
Thieves smashed the window to break in and then gutted the property for its copper pipes -- a crime that has spread across the United States as the economy slows and foreclosed homes stand empty and vulnerable."
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Comment:
A sign of a "rough patch," I'd say...
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It was announced today by the Fed the GNP/GDP would shrink, from what I remember in econ class, that is a sure sign of a recession (something that recedes) I think they also said that Global growth is going to be really low for this year
But they also said that inflation is a concern but what vexes me, and maybe some more econ people can explain this but, why do they keep lowering interest rates? Wouldn't that cause inflation? Or am I crazy?