housing bubble

The Bank of Japan Opts Out, is China next?

My take: This is an interesting take by Gary North. The most obvious question Gary didn't truly ask was, "What happens if China opts out?" To the question, "What happened to Asia's...

On day of pope's death, the New York Times considers USA's fate.

On day of pope's death, the New York Times considers USA's fate. NYTimes.com > Opinion EDITORIAL Before the Fall Published: April 2, 2005 The recent rally of the United States...

When Mismeasurement Matters, depending on your perspective

My take: Here's another person who understands PPP, and see many of the same things I see. When Mismeasurement Matters: China is Bigger Than You Think By Mark Weisbrot Chinese President...

Social Security Disability

Will Social Security Disability survive a second American great Depression? This hits close to home for me as I am home ill and must depend on this to survive. * News on the American Economy is...

If You think the Economy is Bad Now...

We had the DotCom Bubble, we are now in the Housing Bubble, and thanks to the Senate we may be headed into a Global Warming Bubble. The economy is about to get a lot worse... here are the sorry...

Evidence Shows Mortgage Crisis Rapidly Spreading To All Areas of US Economy

If you are a home owner, chances are pretty good you used your home as a sort of ATM with patio chairs in recent years to help pay for all those nifty goodies we Americans love to purchase whether we...

Sign of the Times: Bankruptcies, Foreclosures, Chaos

I am currently working on a 2-part article about the experience I went through last year while selling a rehab house I had. Since it still is incomplete, I wanted to submit a quick article about...

We’re On The Eve Of Destruction: US Mortgage Crisis Ignites

“…but you tell me over and over and over again my friend, ah, you don’t believe we’re on the eve of destruction?”It was back in 1965 when P.F. Sloan’s “Eve...

Ranks of the Homeless Grows

Here’s a sobering report courtesy of the Associated Press this morning. Properties in some stage of foreclosure, says the AP, more than DOUBLED from the same time last year. That figure comes...

Refinance pitches: Lessons Not Yet Learned

Disturbing news this week from the pages of the Los Angeles Times–it appears as if no lessons have been learned from the mortgage/credit crisis the U.S. (the world??) finds itself in. According...