"Speaking on "Squawk Box" this morning, Zell attributed much of the current economic troubles to fear-mongering and politicking by Democratic presidential contenders Hillary Rodham Clinton and Barack Obama.

"Obviously what we have going on is an attempt to create a self-fulfilling prophecy," said Zell, chairman of Equity Investments Group and owner of the Chicago Cubs, Chicago Tribune, Los Angeles Times and other companies. "We have two Democratic candidates who are vying with each other to describe the economic situation worse."

I am terrible with names and even worse with committees, and USA has so many committees on everything.

This morning there was a financial expert giving his views to some Gov body, and he figures that since housing is still down, unemployment going up, inflation going up, price of oil going up, dollar going down and also fewer jobs being generated that USA is already in a recession; and the worst is to come

It is the Old "THE SKY IS FALLING TACTIC", the liberal media has never stated the true facts and because everybody knows they tell nothing but the truth, the ducks just follow in a row.

Now ... mention Hillary and I get frightened.

It's easier to invest tons of dollars quickly than tons of euros. Treasuries are the safest investment there is.

I'll say this, my job revolves completely around the real estate business. Things were the worst they have been in 6 years last January. For about three weeks. Now, I am working 60 hours a week again and still can't get caught up. Construction is up, new home sales are up and old home sales are up as well. However, Ga has always remained better off than the rest of the nation when it comes to real estate so who knows?

My daughter is buying a house in a couple months. Don't want to move in the cold weather, and we are looking at foreclosures. Most of what we have seen are from people who bought a house, and still wanted that second car, a t v in every room, or too much house. We are looking at everything, but she wants a small house, or a condo.

Cool talking point. The bad economy is the fault of two Senators, not the President, not his budget practices, not his Fed appointee, not his war....

Sure, there will be a spike in the Spring. Always is. But by then, there will 2.4 million Americans without their homes.

By 2010 houses will drop to 50% August 2007 levels. Overvaluing has not played itself out yet.

Pay no attention to the man behind the curtain.

Of course Zell is trying to pump it up even though it runs contrary to any evidence.