The economy won't heal until the housing market improves, and that's going to take government intervention. ...more

November 7, 2008

Barack Obama rode a wave of economic discontent to the White House, and now he faces the daunting task of turning the weakening economy around. ...more

November 6, 2008

Just a day after the Federal Reserve dropped its key short-term interest rate to 1 percent - matching the generational low reached in 2003-04 - the betting is intensifying on another cut. ...more

November 2, 2008

Buoyed by improved affordability, existing single-family home sales in Hernando County rose in September. ...more

November 2, 2008

Sales of existing homes rose by the largest amount in more than five years in September, a real estate trade group said Friday. The data is a possible glimmer of hope that the housing slump could be starting to bottom out. ...more

October 25, 2008

The Bush administration is pledging to do whatever it takes to battle a severe financial crisis that is threatening to push the country into a steep recession. ...more

October 22, 2008

The charge has been made that the election of Senator Obama would result in a redistribution of wealth in this country. In my opinion we have just witnessed the greatest redistribution of wealth, all to the top, since the beginning of the 20th century and with the same result. We are now in a full-blown recession with the distinct possibility of descending into a depression. With the economy in the worst condition since 1930, take a good look at the advisors the presidential candidates have chosen. In the case of Senator McCain, his top economic advisor is Doug Holz Eakins. Mr. Eakins served as chief economist for President George W. Bush. The stated purpose of the tax cuts passed by the Bush administration was to create jobs. Unfortunately for us, most of the jobs were created in China, India, Mexico and not here in the United States. This is the policy that Senator McCain wants to extend. I find it hard for Mr. McCain to distance himself from President Bush's failed policy when he is listening to the same people extolling the same ideas. ...more

October 18, 2008

Construction of new homes plunged by a bigger-than-expected amount in September as builders slashed production yet again, putting the country on track to build the fewest homes this year in more than six decades. ...more

October 18, 2008

Credit card delinquencies and charge-offs rose in August as consumers struggled to pay off debt amid a slowing economy, according to Standard & Poor's. ...more

October 12, 2008

For Scott Brown, chief economist at Raymond James Financial, the question is no longer whether we're in a recession. ...more

October 12, 2008