Posts Tagged ‘GDP’

When Will the Pivotal Nature of the Foreclosure Crisis be Understood

When Will the Pivotal Nature of the Foreclosure Crisis be Understood

Once you’re underwater, however, as at least half of homeowners are today, you can’t borrow against your home’s equity, nor can you sell your home, so any of those life events are likely to hit you where you live. ... (Continue reading)

30 Minutes of Talking: Has Housing or Our GDP Hit Bottom?

30 Minutes of Talking: Has Housing or Our GDP Hit Bottom?

This week on 30 MINUTES OF TALKING I'm looking at the contradictions that are being thrown at us almost every day now... this past week it was the housing market that hit bottom, according to quite a few. But... (Continue reading)

We know they’re not evil, because they’re simply not smart enough to be evil.

We know they’re not evil, because they’re simply not smart enough to be evil.

The European bankers are no different than is the FHFA, which is led by Ed DeMarco, the guy stopping Fannie and Freddie from reducing principal balances of mortgages. He says he won’t do it because his job is to... (Continue reading)

Consumer Spending Up? Come on get happy…

Consumer Spending Up?  Come on get happy...

The bottom-line… much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (Continue reading)

Mandelman’s Overview of Economic News That Matters

Mandelman's Overview of Economic News That Matters

So, there you have it... a veritable cornucopia of bad news... and all of it from CNBC, a cable news channel that normally broadcasts nothing but bull... markets. Bull markets... that's what I meant. But, it's getting impossible... (Continue reading)

Oh, Stop It! Obama-GOP Deal to Extend Bush Tax Cuts Won’t “Create” 3.1 Million Jobs.

Oh, Stop It!  Obama-GOP Deal to Extend Bush Tax Cuts Won’t “Create” 3.1 Million Jobs.

I realize that Obama was ready to allow the tax cuts to expire now, but he’s also okay with allowing another 4-5 million homes be lost to foreclosure next year, and the same number the year after that. And... (Continue reading)

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Federal Reserve Bank President Says We’re In For a Long Hard Road Ahead

Federal Reserve Bank President Says We’re In For a Long Hard Road Ahead

What happened? As the decline in housing prices began to accelerate across the country, this exposed underlying cracks in the financial system. Foreclosures began to rise, loan losses mounted, and housing prices dropped even more, creating a downward spiral not... (Continue reading)


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