Most Americans Don't Like the Republican Party

US Businesses in Recession-Like Mode

regardless of any official announcement of recessions, US businesses have been behaving as they normally do during recessions

The Real Economy II

The middle class is hurting, the working class is hurting, and the only barrier between that hurt and the expression of anger in the streets is a sense of patriotic duty.

Official Reports Confirm Economy Worst Than in 2000

official figures show that the economy has not improved compared to the year 2000, the stock market is more over valued than in 2000, the actual value of the stock market is lower than the top of 2000, and our work is worth less than it was in 2000.

In Bush We Trust

How to survive hyperinflation

tongue in cheek commentary about the current liquidity crisis

At a financial crossroads. What happens if the Dow breaks out?

With gold about to retest the previous high and the Dow Jones average at less than 200 points from the previous high, I will look at two different scenarios and their possible implications for the consumer market.

Continue reading this entry ...

U.S. Home Foreclosures Soar in August

If politicians and regulators keep looking the wrong way (wherever but Wall Street) for culprits, there will be very little that can be done to avoid this.

Bush Aid to Mortgage Holders only Aids Wall Street

As I pointed out yesterday, the administration is using the current crisis to strengthen Wall Street's position in the biggest land-grabbing scheme since the XIX Century. Although it's hard to analyze what Bush actually wants to do (he only said he was going to do something in th …

Continue reading this entry ...

Edwards on the mortage mess

Just one day before Senator Obama gave his misguided opinion on the mortgage mess another Democratic hopeful had come to the fore with his own opinion.

Continue reading this entry ...

Bernanke's creative solution: Let's do it again

According to an AP article dated August 29, Federal Reserve Chairman Ben Bernanke proposed the most creative solution to the foreclosure crisis to date: "Let's do it all over again." Of course those are not his words, God forbid a Fed Chairman to speak clearly! Instead, he  …

Continue reading this entry ...

Obama on the mortgage mess

I think it's very brave from a politician to come out and declare that the government should do something because, from his point of view "our government failed to provide the regulatory scrutiny that could have prevented this crisis."

Subprime Mortgage Woes Spreading

The drive of the banks to concentrate ownership of real estate in the hands of the few

Home Prices: Steepest Drop in 20 Years

Are you ready to live as a renter in the cul-de-sac you used to own?

Inside the Countrywide Lending Spree

he main interest of the banks is to charge their customers the higher interest possible in any given market. Nothing new there. What is amazing, is that now the press is paying so much attention to this issue and creating a new blame game.

Do the banks want your money or your home?

My concern is that, at this juncture, banks have a real interest in liquidating bad loans and transferring those loans to lower risk borrowers, that's why they are not making any real effort to salvage bad loans and are forcing foreclosures of risky loans that may harm their ac …

Latest Comments

Recent Votes

service-1 has not voted for any articles yet.

Profile

service-1

Articles Posted: 4
Links Seeded: 12
Member Since: 8/2007Last Seen: 9/08/2008

service-1 has not filled out a bio yet.

Recommendations

service-1 is not offering any recommendations at this time.

service-1's Feeds

Subscribe to service-1's content using the feeds below. Use RSS for your newsreader and JSS to insert onto your own blog:
  • Articles
  • Seeds