The Marc Steiner Show

11/14/07 Economy

Can I let you in on a little secret?  I am loving the housing slump.  It is my favorite thing in the world.  I hope it just keeps falling and falling.  I, of course, am a prospective buyer.  But you, the owner, are cursing me for celebrating the loss you are experiencing in your net worth!

The differences in our attitudes explains in part why it is so hard to come to a consensus about the economy and how it is doing.  In my eyes, the economy was flying so high that someone like me, young and without much money, couldn’t really get my foot in the door and buy stocks or a house.  It was not an economy that was friendly to beginners. I felt priced out of that economy. But to someone whose foot was in the door already, the economy was perfect-great-never been better!

We’re going to talk today with people who have different ideas about what the economy we have today means.  Does the housing slump portend a recession-or is the market just correcting itself?  Are oil prices rising higher and higher because of actual supply and demand issues, or is it market manipulation? Why does the Federal Reserve seem so optimistic? And what role do hedge funds play in alll this?

Join us…with your comments and questions…or offers to sell me your house at a reduced price!

-Jessica

Written by Marc Steiner

Marc Steiner

The Marc Steiner Show airs Monday thru Friday from 10AM to Noon on WEAA 88.9 FM. The show covers the topics that matter, engaging real voices, from Charm City to Cairo and beyond. Call us at 410.319.8888 or email us to participate live in the show, or share your comments on our site! Aren’t in Baltimore but want to listen? Stream the show live.


Comments

  1. I’d like to say its a little of both. I can understand how people are saying its both the best and worst of times. Yes the job market is running at minimum unemployment…I know a good number of people, Myself included who work 2 jobs just to keep a roof over their heads and food on the table. I had some investments, but nothing heavy.

Leave a Reply