14 October 2008 Hello! Sorry for the delay of posting this update, there has been so much information available concerning real estate, economic, presidential elections, global economy, failing institutions, and of course the absolutely beautiful weather we were having in Ocean City the last couple of weeks. Yesterday our government in conjunction with the EURO nations have begun to apply unlimited money to help the global credit markets. The stock markets reaction was positive with the DOW advancing 936 points. Does this mean the bottom has been seen and we are over the wild roller coaster ride- I don't know. I would love to say the only direction now is up, but we have so many other factions to depend on for direction these days, such as all of the individual countries that use our products and we use theirs that have to control their currency and their credit markets.
The Real Estate market pulled up the brakes when the global credit scare took place over the past weeks, prices have come down, interest rates are still attractive, and plenty of people are looking- but I feel they are waiting to see how this downturn will be played out before jumping in. The part I can't understand is if we are in such a troubled economy, why is there so much traffic on the roads? Why are the shopping centers, outlet malls, and restaurants so busy? Could this entire economic worry be EMOTION based and when we as individuals regain confidence in the systems all will once again be righted.