The home sales data shatters the myth!

This image is old and does NOT reflect current data!

Even as Paulson urges the senate to consider the stimulus package, the myth that was being spread by all the king's men and courtiers was that 'all was fine with the American economy' and that it was business as usual. And then the idea of a tax rebate came about and it sounded some good cheer all across the U.S.A.
But sadly though, it was all a myth and the recent data regarding the housing market clearly underlines that more than ever.

According to the data, the sale of new homes fell by more than 26.4% last year and that is by a whopping 700,000 and more. It is the lowest level that the sale of new homes has reached in almost two decades. Recently the Fed slashed rates and Wall Street reacted late and started to come slowly out of the red into the green.

I am sure that most of you who are reading this would have seen the cheerful faces of many a trader on the news that day. But that was , sadly, a knee jerk reaction and momentum not withstanding, it soon ran into troubled waters on the back of 'Hedge funds affair'.
Now with the latest installment from the commerce department, one can only wonder why is it that we are all so ready to believe in the Myth?

The online investments!

There are many online investments that just call out to us to dump our hard earned money into their investment plans. But one should be all the more careful when it comes to online investments. There are many people out there who would like nothing better than to get their grubby hands on our money and as such, I have to say that finding a decent investment to shore up our money with is kind of like searching for a minute needle in a huge haystack.
Sometimes the search is endless and it goes on and on with so many websites being there for a year or so and then closing shop. But one of the recent ones that I have found online turned out to be the real thing. It is called Etrade and it is registered with the US regulators and the right agencies. They are what you can term loosely as share brokers and they do a damm good job so that your investment earns anywhere between 15 -35% and the returns are further compounded. I have been utilising their services for the last few months and I have to say that I have been pleasantly surprised, what is more, I hope to find more sites like these soon!