Will we ever learn? Doesn’t look like it.
You’d think what with all that has gone down with the subprime mortgage/credit mess, the real estate industry (or, at least, segments of it) would be in the forefront of a much needed reform movement.
Instead, there seems to be an almost pathological desire to return to “normal” as […]

Popularity: 8% [?]

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I’ve decided to lie to you. At least, I’m being honest about it!

I have grown tired of reporting weekly, it seems, on the ever expanding, contracting global credit market and the resultant deep recession the U.S. currently finds itself on the cusp of.
Americans, perhaps more than people anywhere, love being in denial. We deny we […]

Popularity: 8% [?]

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The last posting I had last week generated much discussion–I advanced the argument that the real estate mess we find ourselves in, and the resultant global credit crunch, is not likely to end anytime soon. And, that unless one happens to know what one is doing, this is not a very good time to learn […]

Popularity: 15% [?]

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Could that be some light, just a little light at the end of the tunnel?
It seems as if, in recent weeks, there has been a steady drumbeat of bad economic news all traced back to that original subprime mostgage crisis.
The near collapse (okay, some may argue it was an actual collapse) of Bear Stearns […]

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If someone were to have said, say a year ago, that there would be a crisis in the subprime mortgage market that would lead to world-wide economic chaos, that person would no doubt have been laughed at.
Sadly, though, that is exactly what has happened and the evidence just this week is overwhelming.
But, before the depressing […]

Popularity: 18% [?]

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The economy is sinking faster than a mafia hitman wearing cement shoes in water; and, the mortgage/housing crisis is clearly to blame.

Wall Street was apparently totally shocked today when the Labor Department reported that 63, 000 nonfarm jobs were lost last month….As Reuters points out, the problem is that Wall Street experts had expected that […]

Popularity: 9% [?]

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Want to know just how bad the mortgage / housing / credit / banking / securities / oil / crisis has become? Okay. When was the last time you heard a high ranking government official actually call for lenders to slash the amount of their loans…NOT the interest, the principal!
That is exactly what Federal Reserve […]

Popularity: 10% [?]

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