The Fastest Market Correction in History? |
Remember when Realtors and Mortgage Brokers used to say that housing prices never go down? Remember when they were rushing people into overpriced homes they couldn't afford because those people were a...
Posted by on Thu, 01 May 2008 10:56:00 GMT |
Any Questions? |
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Posted by on Wed, 30 Apr 2008 08:59:00 GMT |
GE CEO Says Scary Things Outloud |
General Electric CEO Jeff Immelt says the housing crisis is the worst since 1930s' economic depression.ERIE, Pa. (AP) -- General Electric CEO Jeff Immelt said the U.S. economy is in the worst conditio...
Posted by on Thu, 24 Apr 2008 18:25:00 GMT |
Former Fed Chairman Warns Nation About Coming Crisis |
A blunt former Fed chairman takes on Bernanke. Take heed of what he saysAVNER MANDELMANApril 12, 2008A few days ago an unusual event took place: Paul Volcker, the mythical U.S. Federal Reserve Board c...
Posted by on Mon, 14 Apr 2008 11:24:00 GMT |
And Now Weve Hit The "Not Funny Anymore" Phase |
Seriously, Bear Stearns was not the end of the trouble. So here's some shit you can take to the bank... assuming there's one left.1) This is what a recession feels like. Stop pretending.2) If we're lu...
Posted by on Thu, 10 Apr 2008 13:56:00 GMT |
We Have Reached The "Holy Shit" Phase |
Fed and rival bail out Bear Stearns ...
Posted by on Fri, 14 Mar 2008 21:01:00 GMT |
Well, No Shit |
WSJ: Countrywide facing FBI investigation Breaking news: The Wall Street Journal reports that Countrywide Financial is under investigation for "possible securitie...
Posted by on Sun, 09 Mar 2008 10:55:00 GMT |
But Wait, It Gets Much Much Worse |
APHomeowner Equity Is Lowest Since 1945Thursday March 6, 2:15 pm ETBy J.W. Elphinstone, AP Business WriterFederal Reserve Report Shows Homeowner Equity Dipping Below 50 Percent, the Lowest on RecordNE...
Posted by on Fri, 07 Mar 2008 16:39:00 GMT |
No Escaping The Mean--Not Ever |
The Worst-Case Scenario for HousingForecasters say a 40 percent drop in home prices from their peak is possible, though quite unlikelyBy Kirk ShinklePosted February 28, 2008A year ago, most economists...
Posted by on Sun, 02 Mar 2008 16:23:00 GMT |
Home Prices Crater in San Fernando Valley |
latimes.com LA Land BLOGValley Meltdown: Home prices down 24% in seven monthsGtp8q2keNews item from the Daily News: "The median price of a San Fernando Valley home plunged a record $113,000 in January...
Posted by on Fri, 29 Feb 2008 10:26:00 GMT |
