by Mac Slavo | Nov 19, 2009 | Forecasting, Headline News
In Mortgage Delinquencies Up 58% we pointed out that the American home owner borrower will continue to experience difficulty in making their monthly payments for years to come. The following chart from Agora Financial demonstrates the detonation of the mortgage market...
by Mac Slavo | Nov 18, 2009 | Headline News
Reminiscent of the great depression, millions of families in Record numbers go hungry in the US. President Barack Obama, who pledged to eradicate childhood hunger, has described as “unsettling” the agriculture department survey, which says 50 million...
by Mac Slavo | Nov 18, 2009 | Headline News
I know, we’re only supposed to talk about green shoots and recovery, but I can’t help but wonder why Mortgage delinquencies hit another record in 3Q. The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive...
by Mac Slavo | Nov 17, 2009 | Headline News
Meredith Whitney, who became well known in the mainstream after she blew the doors open on bank weakness in 2007, says she hasn’t been this bearish in over a year. (Video follows excerpts and commentary) I look at the board and every single stock from Tiffany to...
by Mac Slavo | Nov 17, 2009 | Marc Faber, Precious Metals
Over the last week there have been a several different reports regarding Dr. Marc Faber’s comments about his short- and long-term outlook for gold. In one instance, there was a report from Commodity Online that Dr. Faber suggested the price of gold would drop...
