[JeremyD]

Ok the Bad RE News thread has got me thinking...

What's your take on the economy these days?

A few things have me a little concerned:

1. Real estate - prices went up too fast in many parts of the country - there has to be a correction and it's here

2. Home Equity Lines of Credit - no more equity appreciation in your home - no more lines of credit and free spending.

3. We are a consumer based economy - and we are a perception based economy too - if people think things are going well, they typically mortgage themselves to the hilt.

4. Even though the jobs picture is decent (95,000 jobs added last month, unemployment ~ 4.x%) there is definitely a slow down in hiring. (I work in the temporary help industry, we are usually the first to see it)

5. I think for the typical worker, the rose colored glasses are coming off.

Your thoughts? Will Berneke lower interest rates?