Sure glad you guys commented on Mark S. I was so confused after reading his post that I wasn’t sure where to start. So I won’t.
I saw that BB said that the problem in sub-prime was contained. While we all know that is BS from Mr. BB, I received some industry news (I’m in marketing/advertising) that is one of many countering this notion.
Real Estate is very wide reaching and old Ben better be careful how many feet enter his mouth at one time.
Here is the pertinent excerpt:
While some analysts warn not to draw conclusions from a single data point, the ad-revenue future for newspapers does not look bright. Younger readers coveted by advertisers are not reading print papers, and classifieds revenue is drying up due to problems in the housing market.
