» housing crash

The in-laws own a gas station in Miami that they’ve wanted to sell for years. But they dithered when the market was hot and ended up being stuck with it when interest evaporated in 2009. Lately, though, the phone has begun to ring again. It’s not exactly a feeding frenzy but real offers are comi...

Anyone who regularly follows me knows that I have been adamant in disagreeing with any who actually assert that the US has entered a housing recovery. The bubble was blown too wide, supply is too rampant, with demand too soft and credit tighter than frog ass. Today, the Case Shiller numbers have com...

From www.zerohedge.com By Chris Martenson Prediction: Things Will Unravel Faster Than You Think By my analysis, we are not yet on the final path to recovery, and there are one or more financial ‘breaks’ coming in the future.  Underlying structural weaknesses have not been resolved, an...

Article from Pragmatic Capitalist Eric King posted this interesting chart showing mutual fund cash levels.   According to King mutual fund cash level has declined to its lowest levels ever: “The percentage of liquid assets (aka mutual cash levels) was 3.4% in July.  This is the lowest percent...

From www.mybudget360.com The official announcement that the recession is over underscores the massive disconnect between Wall Street and the rest of America.  Wealth inequality in America is at levels last seen right before the Great Depression ravaged our economy.  Yet the inequality has grown ...

From www.mybudget360.com Home sales follow very seasonal patterns.  Yet much of this natural mechanism was stunted by banks delaying foreclosures and the government artificially stimulating home sales.  Now that much of the stimulus has been exhausted, it is clear that home prices are correcting...

From www.mybudget360.com It was interesting to see the spin regarding the FDIC quarterly report this week.  The report was largely a reflection of the way we now categorize profits in the banking system.  Banks made a nice amount of profit through trading securities (on bailout leverage) while a...

How we lost 1.3 million households from 2008 to 2009. Preliminary Census data is now coming out showing the effects of the recession on a macro scale.  The 2008 Census figures don’t highlight the deep capital loss that was experienced by middle class families over the last two years.  We now ...

Overdose – The Next Financial Crisis from Ressourcenbasierte Wirtschaft on Vimeo. ...

Article by mybudget360 On Friday the grim reality of more job losses for Americans was plastered across headlines.  What makes this even more distressing is this is occurring during what is supposed to be a recovery.  Yet most Americans realize that there is no recovery outside of Wall Street. ...

Stress Test: How to Find the Safest Banks in the U.S. and Abroad August 3, 2010 By Elliott Wave International Stress test results for the biggest European banks were recently released, while the largest U.S. banks took their first stress tests in May 2009. But mos...

Understanding Robert Prechter’s ‘Slope of Hope’ July 16, 2010 By Elliott Wave International Almost everybody who follows financial markets has heard about climbing the “wall of worry”: the time when prices head up bullishly, but no one quite believes in the rally,...