Beautifully maintained trophy cars are being dumped for cash. What does that say about the “real” economy?
Everybody has their own “on the ground” recession indicators: the mall parking lot, the tony restaurant that used to be packed every we…
Beautifully maintained trophy cars are being dumped for cash. What does that say about the “real” economy?
Everybody has their own “on the ground” recession indicators: the mall parking lot, the tony restaurant that used to be packed every we…
Don’t miss William K. Black on today’s Firedoglake book salon. Professor Black will be chatting with Dylan Ratigan about his new book, Greedy Bastards: How We Can Stop Corporate Communists, Banksters, and Other Vampires …
The robust Canadian housing sector, especially the booming condo markets in Vancouver and Toronto, could be at risk in 2012, say the heads of some of Canada’s biggest banks.
Gordon Nixon, president and CEO at Royal Bank (TSX:RY), told a banking …
The U.S. Treasury’s Office of Thrift Supervision noted last year (page 7):
The FBI estimates that 80 percent of all mortgage fraud involves collaboration
or collusion by industry insiders.
This confirms what one of the country’s top fraud exper…
MANY of the world’s financial and economic woes since 2008 began with the bursting of the biggest bubble in history. Never before had house prices risen so fast, for so long, in so many countries. Yet the bust has been much less widespread than th…
And the United States might pull out of its present funk as it did in a sudden twice during the past century: in the first years of World War II, and during the first Ronald Reagan administration.
For the past two decades, the United States wasted th…
Hat tip to SDRman, on another board
Excerpt:
Widespread demonstrations in support of Occupy Wall Street have put the financial crisis back into the national spotlight lately.
So here’s a quick refresher on what’s happened to some of the main pla…
Three years ago the most-powerful instutitions in America were the nation’s largest banks and brokerages, Wall Street for short.
While millions of people were losing their homes, their jobs and their savings, the nation’s elite extracted a $700…
As the economic slump that began in 2007 continues, the question persists: Why? Unless we have a better understanding of the causes of the crisis, we can’t implement an effective recovery strategy. So far, we have neither.
We were told that…
With 10-year Treasuries sub 2%, and growth restagnating, more and more people are buying into the “US is Japan” scenario. And it’s not just that the numbers look similar conomically.
The same thing has ailed both countries: a multi-year project to pa…