People hardly ever recover from that. It means you havent been able to pay, discourage your Credit Rating for seven years. Even to rent the place is very damaging. In spillover affects not just in the Housing Market, the local government, how are they funded . 30 , guess what happens to local property taxes, they fall in the same fashion. Cities in the country when bankrupt owners are coming out of that. U. S. Economic had almost a full year gdp loss. Many of these things have come back. Many of the homeowner equity have come back thankfully. Our economy has come back to a very large and, that the crisis fell like dominoes, decimated investment, banks have invested in my former company lost millions, billions of stock. They also invested in mortgage bonds among wall street firms comprised of subprime mortgages and downgraded everyone lost as well. The deficit rose fiscal stimulation, the economic recovery package pushed through it costs a lot of money. People unemployed and needed soci
Jobs from being shipped offshore and provide substantial relief to the middleclass. Joining the panel, wall street journal columnist and Deputy Editor dan hettinger, columnist and manhattan senior fellow jason riley and columnist, mary, 51, 52 votes, not always sure they were going to get them, what turned the tide in the end . Using a seasonal metaphor, you heard of the christmas tree, there were four or five senators who were holding out and i think Mitch Mcconnell very masterfully addressed concerns of each of them by giving them small presence to put under the tree or on the tree so you have Susan Collins, who gets her 10,000 property deduction, property Tax Deduction, medical expense deduction increase, ron johnson really wanted Something Better. Paul senator from wisconsin. For small businesses. And a quite generous deduction for businesses. Each of those things were enough to bring 51 senators on board. Leland paul not pretty, lets be honest. Buying of votes with policy. Why did
And provide substantial relief to the middleclass. Joining the panel, wall street journal columnist and Deputy Editor dan hettinger, columnist and manhattan senior fellow jason riley and columnist, mary, 51, 52 votes, not always sure they were going to get them, what turned the tide in the end . Using a seasonal metaphor, you heard of the christmas tree, there were four or five senators who were holding out and i think Mitch Mcconnell very masterfully addressed concerns of each of them by giving them small presence to put under the tree or on the tree so you have Susan Collins, who gets her 10,000 property deduction, property Tax Deduction, medical expense deduction increase, ron johnson really wanted Something Better. Paul senator from wisconsin. For small businesses. And a quite generous deduction for businesses. Each of those things were enough to bring 51 senators on board. Leland paul not pretty, lets be honest. Buying of votes with policy. Why did this succeed where the effort on
Facebook falls, users are spending 50 million hours a day lesson the social network and happy about it shares set to open at the record. Its a huge day for tech earnings, mike soeflft, alphabet and amazon, all on tap after the bell. Futures signal a sharply lower open obviously a whipsaw week so far. Facebook is the top story. Up in the premarket, the social network post better than expected forecasts and increase in ad sales despite the time spent by Users Falling by 50 million hours a day. Mark zuckerberg last night on the earnings call. The most important driver of our business has never been time spent by itself. Its the quality of the connection and thats why i believe this focus on meaningful social interaction is the right one. The first ever quarter on quarter dau decline in the u. S. And canada they say its not a trend. They say its not a trend i think youve got to believe. The market probably doesnt believe in them because this thing is selling at a multiple almost the market
More hikes. A big day for stocks but not if you are a bull. The selloff started friday and im even sharper on this monday. Even as stocks suffer their biggest losses since 2008 the bond market started acting more like the usual correlation. Stock started plunging we got a nice rally in the u. S. Treasury market and we ended up benchmark 10 year. Yesterday morning we saw that 10 year testing at 2. 8 . It has been a big year in on movement. We have seen a little of that sign, butd be a good there was about 15 minutes of frantic selling on the dow, that flash crash. It is raising some eyebrows. This runup that we saw in january, this could be some type of a healthy signal. There are a lot of questions on how much pain we would have to endorse here. Guestsf questions to our this morning. Kathleen and a perfect time to be asking them. The biggestre on stock plunging in 6. 5 years. Erasing alls p 500 gains for the year. The vix volatility index wow. And i biggest spike ever spoke to an exper