Fred the Economics Cat
Hey guys, What’s up? I know what’s down.
If you guys own stocks you probably had a bad hit this past week. Okay, so you are worth less financially than you were. Now as a result of bad loans in the past, mortgage loans are more difficult to obtain. Around here there are lots of new houses for sale and they have been on the market a long time. There are also a lot of pre-owned houses in the same shape. So how are these homes ever going to move when people have less money and mortgages are more difficult to get?
Meanwhile, foreclosures are up everywhere. Where are those people who lost their homes going to live? Their credit is ruined for a long time so they aren’t going to be getting a mortgage and buying a home anytime soon. Dudes, you guys are in a heck of a mess.
On a personal note, this weekend Murphy and I are going for a sleepover at the vet’s. I’m also going to get some shots (no, not tequila shots, the kind that come in a needle) I also heard that I’m going to get chipped.
You guys have a great weekend. Not too sure how mine is going to go. Wish me luck!
Fred the Cat (the cat who loves you guys)