No doubt about it, we’re in a fix as far as housing goes. While some short sighted analysts are pumping up recent data alleging a growth in home sales, the fact of the matter is that in raw numbers of houses sold, we’re clearly in a housing Depression. Prices continue to drop, foreclosures continue at [...]
First time since 1949: American Electric Power Inc., one of the nation’s biggest power generators, says 10 of its smaller, coal-fired generating units will remain off line for much of the year because of lower demand for electricity. It is one of several steps the company is taking to cut costs… …The recession has dampened [...]