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Thursday, February 14, 2008

In Denial

Both Bernanke and Paulson are both vying to see who can play Cleopatra -- the Queen of de Nile. Both men say we won't have a recession in 2008? Hate to break it to these sage fellows, who also assured us that the subprime mess would neither be prolonged nor serious, but there is a very good possibility that we already are in a recession. The first step on the road to recovery is to realize that you have a problem.

O yes, #3, as for your old neighborhood, I took a drive down Silsby between Warrensville Rd. and Lee and it's doing fine (only saw four houses for sale in that entire stretch and no foreclosure signs). The subprime mess in the inner-ring suburbs is mostly limited to the predominately black neighborhoods.


At 6:32 PM, Blogger Number Three said...

Thanks for the Silsby report. I'm glad to hear that the old 'hood is not in a tailspin.


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