Apr - 17th
California’s Unemployment Rate Skyrockets To 11.2 Percent
Posted at 1:04 pm | Filed Under Politics, California Housing Crash, The Economy, Real Estate
We are seeing the California’s economy virtually collapsing. More horrible numbers released today by the EDD show that unemployment rate in California increased to 11.2 in March.
With the recent huge increase in sales and state income tax in California and the doubling of the car registration fees, we can expect more job losses and more […]
Apr - 14th
More Americans filing for bankruptcy
Posted at 12:05 am | Filed Under Politics, The Economy
The recession is forcing more Americans to file for bankruptcy. We have been warning people on this blog that the collapse of the U.S. economy will push more consumers in trouble. More and more studies are showing what we all knew. According to AP via Yahoo Finance:
The number of U.S. businesses and individuals declaring bankruptcy […]
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
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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
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Apr - 3rd
Unemployment rate hits 8.5%
Posted at 1:42 pm | Filed Under Politics, The Economy
The horrible employment numbers keep coming. The Labor Department reported that the economy lost 663,000 jobs in March and the unemployment rate reached 8.5%. Here is how the media reported the bad news:
USA Today
WASHINGTON — The nation’s unemployment rate shot up to 8.5% in March as employers shed 663,000 jobs and cut workers’ hours to […]
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
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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
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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
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Mar - 28th
The U.S. is going into debt at an alarming - Debt Trap 2
Posted at 2:38 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
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Mar - 24th
Should the U.S. dollar be replaced by a new global currency?
Posted at 9:47 am | Filed Under Politics, Bailout News, The Economy
We knew this was coming, right? With the Federal Reserve printing money like crazy, Treasury giving billions of dollars to banks with no strings attached, and Congress passing one bailout after another, there is no surprise that many in the international community are questions our ability to be the leader financial power of the world.
According […]