Subject: I have a friend who takes vitamins A, C, D, E, F and still needs, B, G, and O. (B.G.O.= a Bright Glimpse of the Obvious)
Interesting Fact: In January 2009, the average price of gas was $1.84 a gallon. Today's average is $3.52 a gallon. For every penny increase per gallon, $1 billion less is spent every day by consumers in our economy. Today's price-per-gallon reflects $170 billion lost per day.
Economy Report: Local chief economists Ted Jones and Mike Inselmann have been on the speaking circuit spreading the great news about our local economy. NOT SO FAST!!! Year-to-date, 4 million homes have been foreclosed in the U.S. Currently, there are 10 million homes underwater, of which, 4 million are over 90 days late. Within the next few years, we could see an economic tsunami if home buyers aren't rescued. Texas will be slightly spared as our worst days are behind us, however as we didn't secede from the Union, this will have a rippling effect.
*Information provided by
Ed Kampf, Mortgage Banker
Hancock Mortgage,
Houston, Texas
Wake up America! The good news: the election is coming again, soon. THINK FIRST and then vote wisely. We always have a choice-let's get ready to run the good race and win this one.
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