As incredible as it may seem, even with unprecedented 2 trillion Dollar plus money printing in the last 2 years by the Fed, the pressure is still on US consumers. Credit has become more obtainable, but he still suffers from a still falling housing market.
Zillow is a seemingly good source of data. Just by accident I discovered that they must have re-jiggered their methodology recently: my own house fell from about 300k to 270 and they also changed their history chart. It now seems reasonable to think that about half of all houses with a mortgage are now effectively "under water". (after considering eventual selling costs)
Well, Ben, very often its just good to stick with your original ideas: dropping the mulah among the general populace would have given the economy a much better jolt than giving it just to bankers.
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