Shadow Inventory: 7 Million Homes in Default

Real estate analysts predict continued gloom for Las Vegas, and pretty much the rest of the nation as we approach Mortgage Meltdown: Wave Two. From the Las Vegas Review Journal: While the “subprime tsunami” brought the first wave of foreclosures to Las Vegas, the...

World Crisis: No Bailout Will Stop It

Sometimes, a bailout is not enough. When Dubai World black swanned global investors last month with what amounts to be a reported $80 Billion in debt liabilities, it sent shivers down the spine of many a financial manager and stock trader. For those who were paying...

Death of the Middle Class

Elizabeth Warren, Chair of the Congressional Oversight Panel that is responsible for monitoring TARP funds discusses the successes and failures of the bank bailout, TARP going forward, and what is going on with the middle class in America. Death of the Middle Class...

White House: Jobs Growth By Spring

Reuters is reporting that White House economists see jobs growth by spring: “I believe that, as do most professional forecasters, that by spring, employment growth will start to be turning positive,” Lawrence Summers, director of the White House National...