Mar - 22nd
President Barack Obama talks about the Economy
Posted at 10:38 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
Watch CBS Videos Online
Mar - 17th
Wasn’t the stimulus package supposed to help Caterpillar?
Posted at 1:56 pm | Filed Under Politics, Bailout News, The Economy
I believe that was one of the reason Congress passed the stimulus package so quickly without review, right?
Well, why is Caterpillar now laying off 2,000 employees?
Caterpillar, the world’s largest maker of construction and mining equipment, notified an additional 2,454 workers in three states Tuesday that they were losing their jobs as the company continues to […]
Mar - 17th
Dr. Doom says “US government bond market is a disaster waiting to happen”
Posted at 1:48 pm | Filed Under Credit Crunch, Politics, The Economy, Real Estate
Marc Faber (Dr. Doom) said today on CNBC:
“Yields have already backed up pretty substantially and I tell you, I think the US government bond market is a disaster waiting to happen for the simple reason that the requirements of the government to cover its fiscal deficit will be very, very high,” Faber said.
“The Federal Reserve […]
Mar - 17th
Don’t get too excited about the unexpected surge in housing construction
Posted at 11:25 am | Filed Under Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
I can see Larry Kudlow talking about the unexpected surge in housing construction as more mustard seeds. Well, before you get too excited, here are couple of interesting facts about today’s housing numbers.
According to AP via Yahoo Finance:
Even with the big increase, construction activity remains 47.3 percent below where it was a year ago. The […]
Mar - 14th
The Relevance of Rick Santelli
Posted at 7:16 am | Filed Under Politics, The Economy, Real Estate
Mar - 13th
Jim Cramer on the Jon Stewart’s Show
Posted at 3:34 pm | Filed Under Politics, The Economy, Real Estate
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The Daily Show With Jon StewartM - Th 11p / 10c
Jim Cramer Unedited Interview Pt. 2
Daily Show Full EpisodesImportant Things w/ Demetri Martin
Political HumorJim Cramer
Mar - 12th
Charlie Rose talks to Timothy Geithner, U.S. Treasury Secretary
Posted at 6:15 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
Pay attention to how Geithner refuses to directly answer the question if some banks are too big to fail. I don’t trust this guy and I don’t think that Wall Street trusts him either.
Mar - 12th
Is Maxine Waters in trouble?
Posted at 5:54 pm | Filed Under Politics, Bailout News
You have got to love these politicians. The Wall Street Journal reports that:
WASHINGTON — When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to “stay out of it,” he says.
The reason: Ms. Waters, a longtime congresswoman from […]
Mar - 11th
Lenders still refusing to reduce principal
Posted at 10:36 am | Filed Under Politics, Credit Crunch, Bailout News, California Housing Crash, The Economy, Real Estate
The Sacramento Bee published an article showing the results of the voluntarily step up loan modification agreed by the lenders and Gov. Arnold Schwarzenegger. The lenders rewrote terms of 136,785 troubled California mortgages in 2008 but they were unwilling to reduce the amount that borrowers owe which is crucial to keep people in their homes.
While […]
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
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The Daily Show With Jon StewartM - Th 11p / 10c
CNBC Gives Financial Advice
Daily Show Full EpisodesImportant Things w/ Demetri Martin
Political HumorJim Cramer