What's a Realistic Retirement Age?
Farmers Hit the Jackpot in Kansas Oil BoomAnyone with any money invested in U.S. stocks must check out a recent Financial Times (UK) piece about the United States economy.
"At the heart of the problems is the bursting of the housing bubble that helped to power American growth since this economic cycle started six years ago. The end of the bubble has brought a brutal slide in home construction, house price falls that threaten to undermine household wealth and consumer spending, and turmoil in the credit markets that are used to finance housing."
Indeed, the housing market's collapse had serious ramifications outside of the weakening homebuilders. Subprime mortgages have shaken the credit markets into almost complete fear of providing credit, especially to real estate loans. Consumer spending has been suffering as a result of adjustable rate mortgages (ARMs) and an inability to cash out of real estate.
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