Wednesday, February 6, 2008

Spiraling Economy

The US economy appears to be in a deep spiral. I seriously wish that I had some capital to invest right now - bargains are starting to abound in the stock market. I also seriously hope that I don't get downsized until after a rebound of some kind.

I wonder what the reason is for the particularly bad hit that Las Vegas is taking from the mortgage foreclosure debacle? Was it particularly bad lending practices in the area? Or is it just that the Las Vegas economy is only good when people have spare money to gamble with? Or both? In any case, this might be a great time to pick up some deals in Las Vegas real estate.


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