housing prices, there is a real find that interest rates will go up and mortgage rates will go up and that could lead to a shaky foundation to the housing market. the bull market has been going for a long, longtime. if interest rates go up and they pull up on the bond buying binge it could have an impact on the stock market. the wealth affect may not be as strong. be cautious when you look at it. thank you. we appreciate you joining us as always. you can catch brenda every saturday morning. it is here on the fox newschannel. greg? coming up, we growing to show you new poll numbers. they reveal the number one issue you think is the biggest problem facing our country. our political insiders are here to weigh in.
prior to the death of diana, princess of wales. i think the police did a thorough investigation prior to the inquest. that s why we had an inquest. scotland yard stresses that this is not a reinvestigation into the death. buckingham palace has no comment. heather? thank you, brian. double amputee ole olympian oscar pistorius and due to appear in a courtroom tomorrow. they say he will be indicted on a main charge of premeditated murder in the purr expected death of his girlfriend, steenkamp. he said he accidentally shot her thinking she was a dangerous intruder in the middle of the night. the trial is expected to start in 2 014. more americans are spending their hard-earned cash despite gloomy economic reports. a look at what is being called the wealth affect. major flooding in the southeast right now as the region just can t seem to get
get the wealth affect. people start to see the asset increasing in price. no longer falling year over year. so that bodes well for confidence. you will see housing hit a bottom in 2009. it is an l-shaped recovery. we are bouncing along that bottom. and now we will start to see some strength. what do you mean by l-shaped recovery. what is an l-shaped recovery. a lot of people going into recession, they are talking about the type of recovery we will see. would we see a v? would we bounce up off the bottom? would it be more of a u where we come up gradually from the bottom of the recession? we thought it was going to be and it has manifested itself as a sloping l. what that means is it will be a long grind. the reason it will be a long grind is with the housing bubble and the collapse of the housing bubble. such destruction on the
get the wealth affect. people start to see the asset increasing in price. no longer falling year over year. so that bodes well for confidence. you will see housing hit a bottom in 2009. it is an l-shaped recovery. we are bouncing along that bottom. and now we will start to see some strength. what do you mean by l-shaped recovery. what is an l-shaped recovery. a lot of people going into recession, they are talking about the type of recovery we will see. would we see a v? would we bounce up off the bottom? would it be more of a u where we come up gradually from the bottom of the recession? we thought it was going to be and it has manifested itself as a sloping l. what that means is it will be a long grind. the reason it will be a long grind is with the housing bubble and the collapse of the housing bubble. such destruction on the household net worth and