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 […]

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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 […]

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Oct - 21st

How to Buy a Bank-Owned Home

Posted at 7:22 am | Filed Under Real Estate


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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


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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


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Oct - 11th

Hyperinflation Nation Part 3/3

Posted at 10:07 am | Filed Under Credit Crunch, Politics, The Economy, Real Estate


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Oct - 10th

Hyperinflation Nation Part 2/3

Posted at 2:06 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate


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Oct - 9th

Hyperinflation Nation Part 1/3

Posted at 2:06 am | Filed Under Credit Crunch, Politics, The Economy, Real Estate


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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 […]

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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 […]

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