Recent Posts
Recent Posts Tagged With 'housing market'
Las Vegas Woman Victim of Foreclosure Mistake has her home Trashed Out!
With so many foreclosures taking place in America, I am surprised this doesn’t happen more often. Fortunately, it doesn’t happen often but when it does happen I think there should be severe punishments for that company. A lady who was ...
CBS 60 Minutes: Wilmington’s Long Recession
When I watch videos like this on 60 Minutes, I realize the Great Recession that has been declared over by many economists is wrong. They may take some reports to rationalize that things are better, but when you see all the people still hurting and ...
Ron Paul: Bernanke is World’s Greatest Counterfeiter 12.16.2009
It’s funny to me that people still believe that Bernanke has done a good job. The media makes it sound like he saved the world, when he actually contributed to the global recession. He was nominated by our former President who has also failed...
2009 Bank Closures Update 140 Year To Date
Every Friday after 5 pm, the FDIC comes in like a ninja in the night and starts taking over failed banks. This last Friday it was very busy as it took over 7 failed banks bringing the total to 140 year to date. The bank closures are a contradicti...
Why Does Our Current Congress Suck?
Most of our elected politicians claim they are trying to make things better for most Americans. Why is it they always have actions that contradict their words and promises. All you have to do is follow the money. Lobbyists giving certain politi...
7.1 Million Foreclosures 2008-2009
That’s how many foreclosures the United States has had which is bigger than the population of most countries. Many media outlets are trying to focus on the positive that there are less foreclosures now than July 2009 (the truth is we had mo...
“Mish” Shedlock: unemployment rate will be over 10% all the way through 2015
This is very bearish news and if it proves to be true, I recommend preparing for the worse. We have only had 10% unemployment for 2 months officially, so if it maintains double digits for 5 years, things are going to be rough for everyone in every ...
The Obama Home Affordable Modification Program (HAMP)
I think the idea and the intent is good. The execution is terrible. I sincerely think Obama needs to surround himself with more hands-on result oriented people than academic professors on his economic team. Bernanke (there is no recession), G...
Are Debtors Revolting Against the Bailed Out Banks and Credit Card Companies?
Awhile back, I saw this video from Rockerchic4God and posted her video here on my blog. I will repost her video below so you can listen to her explanation of why she has decided to withhold her payments from her credit card company. In a nutshell...
The Federal Reserve, 0% interest rates, and the housing crisis.
The same economist Brian Wesbury, chief economist at First Trust, has another video on his views on the Federal Reserve, the origin of the housing crisis, and the weaknesses he sees with the Fed’s chairman Bernanke. The more I listen to this ...
US Housing Foreclosures and Recovery
Foreclosures in the United States have not stopped. It is still increasing and there is a shadow inventory of bank REOs sitting empty and not for sale. This is probably due to accounting rules of mark to market. Regardless, the efforts of keepi...
How high will gold go? part 2
I purchased gold ETFs near the beginning of the year instead of jumping back into stocks. This was more of a defensive move because I was worried about the US dollar and the crazy deficits we were and are still incurring. I think many others share...
More Rooms Than Guests
I know the Dubai Debt Debacle was the biggest news on the stock markets yesterday and then it is Black Friday. I am not sure how big of an effect they will have on the US economy. On top of unemployment and foreclosures, I think the commercial si...
Judge Erases $525,000 Mortgage in Long Island
This is just one of the stories where the big banks lose and the little guy wins. I thought it was worth sharing. This is an example of a bailed out bank just being evil. We should have never bailed out any banks with Taxpayer money and this ...
Negative Home Equity
The housing bust has really crushed a lot of homeowners. Some of the prices of homes have deflated to the pre-bubble years of 2000 to 2003. The problem is many people bought there homes from 2004-2008 and during those years we had lenders do...
Housing Crisis 2009: A Foreclosure On Every Block
The recession will continue to get worse until the housing issue is dealt with and resolved. The housing bust was the giant domino that put our economy into the worse recession since the Great Depression. Now that foreclosures have worsened, bo...
California is on the brink…
California is a huge economy and will affect the entire country as it tries to resolve its budget issues again. Most people don’t realize the domino effects from this huge state with a big population. The major problems plaguing California r...
2009 YTD 123 Bank Closures 11.14.2009
It seems that the pace of bank closures are increasing as we get closer to the end of the year. These are not just single banks but chains of bank representing many branch locations. We are up to 123 officially closed banks taken over by the FD...
Housing Deals in a Recession
The housing bubble has burst and it is still deflating. I think because many people are losing their homes or just walking away from an underwater house (loan greater than the value of the house) that is making great deals available. Depending on y...
FOX is anti-Obama and anti-Democrat..who gives a crap?
For the most part, when it comes to politics these shows are against the current Obama administration, the House, and the Senate (both of which are currently Democratic majority). We all know this because during the Bush administration, this media ...
Bank failures top 106 on 10.23.2009
Everyone who watches how many banks are being shuttered for failure was expecting number 99 today. So it was a big surprise, at least to me that the FDIC announced 7 bank closings. Each bank of course represents multiple branches. That is 7 ban...
Ron Paul video: Wall Street Gains, Main Street Pains
Bailed out banks are paying out record $140 BILLION in BONUS. “Wall Street pulls the strings in Washington” 10/20/2009 Ron Paul talks Economics on CNN American Morning ...
President Obama Stimulus Jobs
Our government has spent some big bucks to get this economy restarted. Originally, the claims that Obama and his economic advisers made earlier this year to get this stimulus package passed was that it would create or save 2 million, 3 million, and...
What are the true number of foreclosures?
The Dow crossed the 10,000 mark and companies are profitable. Yet, the economy doesn’t seem to reflect this. The economists have declared the recession is over, but other than stocks going up from their lows there is not much to demonstrate t...
Where are the 4 or 5 million jobs promised by the Obama administration?
Our country is undergoing many changes right now. I don’t like Bush or Obama’s actions to date because it has not helped the majority of Americans. At first I felt like an anti Bush blog and now I am an anti Obama blog. All for go...
Ron Paul on The Daily Show with Jon Stewart
Ron Paul promoting his book “End the Fed”. This video is pretty good and Jon Stewart allows him to speak and answer the questions. Enjoy! Ron Paul on The Daily Show with Jon Stewart...
Predictions vs forecasts on the economy and the housing recession
The economy is at a turning point. There are predictions that the economy might get better because of home prices falling slower than before. I know many economist are grasping at the positive spins on all the report and that is why these predict...
HBO Bill Maher, Michael Moore, and facing reality on blind support for Obama
Michael Moore has a new movie out that looks very interesting. It looks like it will be another high quality documentary. I saw him doing the rounds this weekend. First on the Larry King show and then next on the Bill Maher show. I was actu...
Las Vegas strip underground tunnel city
I remember watching a documentary movie called Dark Days about homeless people living underground. That was many years ago, but it looks like these hidden communities are starting to form everywhere in the United States. One place that surprised ...
Foreclosures taking over 18 months now? Wow.
The banks have so much in losses (even though they are manipulating numbers for investor purposes) that they can’t even foreclose on properties that are in default. In normal times, banks would file a notice of default (NOD) after 3 months of...
