The Contradiction Of Empty Homes And Rising Apartment Vacancies
A Housing Surplus Huge increases in foreclosures have resulted in millions of homes sitting vacant as bank REO managers struggle to sell the empty homes. Theoretically, people who have been evicted or lost their homes to foreclosures [...]
The Futility Of Lower Interest Rates, Obama Motors, “Atlas Shrugged” Sales Surge & Confidence Mounts
As stock markets surge, GM’s future is suddenly bright and consumer confidence soars, here are some recent blog posts worth the read with some alternative insights. Why lower interest rates are not effective monetary policy If too [...]
Mortgage Mod And Foreclosure Scams: Saying Goodbye To The Mortgage May Be Better
FDIC Advice Good But Too Late The FDIC Consumer News is warning homeowners to avoid falling prey to loan modification and foreclosure rescue scams. Many financially distressed homeowners are preyed upon by firms that “guarantee” financial salvation, [...]
Frugality The New Lifestyle For Many
Hard Times Bring Back Thrift Without the aid of easy credit, matching income with expenses has required cutbacks in consumer expenditures and forced price reductions and layoffs by businesses. Frugality has become the new mantra for many [...]
Banks And Consumers Say No To More Debt
More Debt Rejected As Solution For Debt Crisis How many times since the current financial crisis began, have we been told by the Government that the key to an economic turnaround is easier credit and more lending? [...]
Second Mortgage Investors Facing 100% Losses
Risky Lending Second mortgage liens have always been considered risky lending. Investors in second mortgages are about to find out that the risk was higher than anticipated. WASHINGTON, April 6 (Reuters) – The U.S. Treasury will soon [...]
China Questions US Solvency – US Says Not To Worry
US Insists China Fears Over Debt Unfounded The Obama administration rejected China’s concerns that its vast holdings of U.S. assets might be unsafe, in an unusual diplomatic exchange that underscored the global importance and the potential fragility [...]
The Economic Collapse Continues – Logical Minds See No Signs Of A Bottom
No Signs Of A Bottom The market continues its massive sell off in a resounding vote of no confidence on the measures being taken to reverse the economy’s downward spiral. A contrary investor buying the dips over [...]
Economic Reality Crushing The American Dream
Reality Becoming Impossible To Ignore There still appears to be a serene sense of calm by the American public. They hope that the government will be able to solve our economic crisis in short order and restore [...]
