A really simple idea for a global economic revival
Eurozone is crumbling, Italy and Greece in sovereign debt crisis, France no better, high unemployment, low consumer confidence, flat incomes, increasing costs, etc. all of these no doubt is the perfect recipe for a pessimistic outlook of the world. IMF chief Christine Lagarde warned today about a lost decade for not just the developed world but for the whole world if wealthier nations don't intervene referring to the Germanys and USs of the world. These are sobering days of the times we live in. Here is atleast one simple solution, that is certain to increase housing demand and thereby can most certainly increase the confidence in the economy. We are at 9% unemployment in the US, which means more than 90% are still with jobs. These people need to be encouraged to spend more. Since the biggest investment for any family is their home, why not start from there. Almost all houses have lost their values by atleast 15% to 50% for no fault of the ordinary people. We should remember this