Texas Will Lead the Recovery is the Prediction From Experts at Moodys

Moody's estimates that US households have lost almost $6 trillion in housing values during the recession.

That's the bad news. The good news is that Texas will outpace the rest of the country coming out of the recession. But that doesn't mean there won't be bumps in the road to recovery, the folks at Moody's Analytics said Tuesday at their annual Dallas economic confab.

Moody’s Says US Debt Could Test Triple-A Rating

Even before the massive costs of nationalized health care are added to the federal budget, the crushing deficits of Obama and the Democrats have credit rating agencies facing downgrades to America's AAA credit rating.

The gold-plated credit rating of the United States may be at risk as the nation copes with growing debt. Moody's states that even AAA-rated US Treasury bonds, considered  the safest of investments, could be downgraded if Washington continues on its current path of failing to manage the federal debt.

ObamaCare: 46% of Primary Care Physicians Will Quit According to New England Journal of Medicine

The New England Journal of Medicine reports in its March-April 2010 issue that 46.3% of Primary Care Physicians will likely leave the practice of medicine if ObamaCare passes. What a raging endorsement for Obama's health care reform plan from the liberal leaning NEJM.

The Dear Leader and leading socialists - I'm sorry, Democrats - should be so proud. They should also be so proud for finding every parliamentary trick available to back door into passing this legislation. Back door being a key phrase, because that's where they are sticking it to Americans. The Democrats clearly don't have the courage of their convictions, which is no surprise, because they have no convictions.

December Existing Home Sales Drop Sharply 2009 Full Year Sales Increase But Prices Decline

While the sale of existing US homes fell at the sharpest rate on record in December, when compared to the prior month, sales for the entire year increased almost five percent from 2008 levels. Despite the increase in 2009 sales, prices dropped by 12.4% from 2008 in what is probably the sharpest annual decline since the Great Depression.

Watch for tomorrow's article which provides an in-depth analysis of the local DFW Metroplex housing market. Here's a hint: it's considerably better.

Sales of previously owned US homes fell at the fastest pace on record last month as the boost from a popular tax credit faded. The National Association of Realtors said existing home sales fell 16.7 percent to an annual rate of 5.45 million units in December.