Dec - 2nd
The housing crash will continue
Posted at 6:09 pm | Filed Under Credit, Credit Crunch, Bailout News, Real Estate
At least that is what Mark Zandi says. According to Reuters:
NEW YORK (Reuters) - The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said on Wednesday.
“This lull in foreclosures sales has resulted in the price […]
Oct - 6th
2010 will bring problems for the US Economy
Posted at 5:12 pm | Filed Under Credit, Credit Crunch, The Economy, Real Estate
That’s basically what Pimco’s Mohamed El-Erian told CNBC Tuesday.
“We think that the second half of 2009 will be turbo charged by the stimulus and there will be a hand off to the consumer and that’s what you want,” El-Erian said. “But it’s going to be challenging. We worry that 2010 is going to have […]
Jun - 15th
Credit card defaults skyrocket
Posted at 4:54 pm | Filed Under Credit, Credit Crunch, The Economy
More signs of a collapsing economy. According to CNBC:
U.S. credit card defaults rose to record highs in May, with a steep deterioration of Bank of America’s lending portfolio, in another sign that consumers remain under severe stress.
JPMorgan Chase—the second-largest U.S. bank and the biggest issuer of Visa-branded credit cards—said its default rate rose to […]
May - 27th
FDIC: 305 banks are in trouble
Posted at 10:35 am | Filed Under Credit, Credit Crunch, The Economy, Real Estate
According to Bloomberg:
May 27 (Bloomberg) — U.S. “problem” banks climbed 21 percent to the highest total in 15 years in the first quarter, and provisions set aside for loan losses weighed on industry earnings, the Federal Deposit Insurance Corp. said.
The FDIC classified 305 banks with $220 billion in assets as “problem” lenders as of […]
Apr - 10th
The collapse of the U.S. economy - Debt Trap 6
Posted at 7:43 am | Filed Under Credit Crunch, Credit, Politics, Bailout News, The Economy, Real Estate
Visit msnbc.com for Breaking News, World News, and News about the Economy
Apr - 6th
The collapse of the U.S. economy - Debt Trap 5
Posted at 7:41 am | Filed Under Credit, Politics, Bailout News, The Economy, Real Estate
Visit msnbc.com for Breaking News, World News, and News about the Economy
Apr - 3rd
The collapse of the U.S. economy - Debt Trap 4
Posted at 7:40 am | Filed Under Credit Crunch, Credit, Politics, Bailout News, The Economy, Real Estate
Visit msnbc.com for Breaking News, World News, and News about the Economy
Apr - 1st
The U.S. is going into debt at an alarming - Debt Trap 3
Posted at 7:38 am | Filed Under Credit Crunch, Credit, Politics, Bailout News, The Economy, Real Estate
Visit msnbc.com for Breaking News, World News, and News about the Economy
Mar - 29th
The United States is maxed out
Posted at 7:34 am | Filed Under Credit Crunch, Credit, Politics, Bailout News, The Economy, Real Estate
Visit msnbc.com for Breaking News, World News, and News about the Economy
Mar - 10th
The Daily Show with Jon Stewart Humiliates CNBC
Posted at 11:59 pm | Filed Under Credit, Credit Crunch, Politics, The Economy, Real Estate
.cc_box a:hover .cc_home{background:url(\’http://www.comedycentral.com/comedycentral/video/assets/syndicated-logo-over.png\’) !important;}.cc_links a{color:#b9b9b9;text-decoration:none;}.cc_show a{color:#707070;text-decoration:none;}.cc_title a{color:#868686;text-decoration:none;}.cc_links a:hover{color:#67bee2;text-decoration:underline;}
The Daily Show With Jon StewartM - Th 11p / 10c
CNBC Gives Financial Advice
Daily Show Full EpisodesImportant Things w/ Demetri Martin
Political HumorJim Cramer
