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 - 31st
FDIC closes 9 more banks on Friday
Posted at 1:01 pm | Filed Under Politics, Bailout News, The Economy, Real Estate
The financial system collapse continues. AP via Yahoo Finance reports that:
Regulators on Friday shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan defaults.The banks closed by the Federal Deposit Insurance Corporation were in California, Illinois, Texas and Arizona. They were divisions […]
Oct - 21st
How to Buy a Bank-Owned Home
Posted at 7:22 am | Filed Under Real Estate
Oct - 14th
Where did the Billions in Bank Bailouts Go? - Sand, Dirt, Fines & Ghostowns
Posted at 8:11 am | Filed Under Politics, California Housing Crash, The Economy, Real Estate
Oct - 12th
Massive Defaults Coming in Real Estate - 30% - 50% Reductions
Posted at 10:09 am | Filed Under Credit Crunch, Politics, California Housing Crash, The Economy, Real Estate
Oct - 11th
Hyperinflation Nation Part 3/3
Posted at 10:07 am | Filed Under Credit Crunch, Politics, The Economy, Real Estate
Oct - 10th
Hyperinflation Nation Part 2/3
Posted at 2:06 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
Oct - 9th
Hyperinflation Nation Part 1/3
Posted at 2:06 am | Filed Under Credit Crunch, Politics, The Economy, Real Estate
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 […]
Oct - 1st
Hyperinflation? Back to the 70s?
Posted at 11:32 am | Filed Under Credit Crunch, The Economy, Real Estate
That is what Jim Rogers said on CNBC:
The US faces high inflation because of the weak dollar and the Federal Reserve’s policy of printing money to counter the effects of the crisis, legendary investor Jim Rogers told CNBC Thursday.
“There’s no question the US is vulnerable to hyperinflation down the road or certainly the inflation we […]
