patrick.net

http://money.cnn.com/2012/09/10/news/economy/chamber-fiscal-cliff/?iid=EL

"If we don't figure out a way to finesse this fiscal cliff. . . if we don't figure out how to kick this can down the road, we will almost certainly be in a recession," said [ U.S. Chamber of Commerce's Martin] Regalia in a briefing with reporters.

A recession is imminent if Congress and the Obama administration don't find a way to avoid impending drastic spending cuts and tax increases, a business group's top economist said Monday. The U.S.

Why do we keep trying to avoid the problem, letting it get worse and worse? The Fed is buying 40 BILLION dollars worth of mortgage-backed securities every month AND they're keeping the interest rates low until mid 2015. Let's just get the recession over with already, everyone is hesitant to buy because they know it's coming.

#housing