Contents Pages by Subject

Economy - Economics USA

Subject Photo
Article Image

CalculatedRisk.blogspot.com

Print enough money and boost the price level enough, and the insolvency problem goes away without the risks entailed by putting the government in the investment and commercial banking business.

News Link • Global Reported By
Article Image

Bloomberg.com

Defaults on privately insured U.S. mortgages rose 35 percent in November to a record, an industry report today showed, adding to evidence the U.S. housing slump is deepening.

News Link • Global Reported By
Article Image

Mondoreb

A study was released today detailing the best and worst of economic news and indicators for 2007. A decidedly mixed bag, it has something for optimists and pessimists alike. Particularly, the pessimists.

Article Image

BBC News

Professor Roubini says, "If you have a $200bn loss, that reduced your capital by $200bn, you have to reduce your lending by 10 times as much," he explains.

News Link • Global Reported By
Article Image

Reuters

SYDNEY (Reuters) - The dollar skidded to fresh lows on Monday as speculation of more U.S. interest rate cuts enhanced the euro's yield advantage, while the yen benefited from a reluctance to hold risky positions over the holidays.

Article Image

Michael Shedlock / Mish

The problem for Citigroup and other lenders is that housing is just the first of the tsunamis that is going to hit shore. An implosion in commercial real estate, sharply rising unemployment....

News Link • Global Reported By
Article Image

Mike

Citigroup is not considering asset sales because it wants to, it is so capital impaired that it is forced to. The same can be said for a reduction in force. 20,000 jobs (assuming the number is correct) is quite a lot. Where are those who are let go g

News Link • Global Reported By Mike Shedlock
Article Image

libertyline.blogspot.com

On the heels of a December 28th, 2007 AP report that confirms Ron Paul's exclusion from the Fox News roundtable discussion of January 6th, 2008, the same kinds of energetic Ron Paul supporters who engineered the November 5th 2007 $4.3 million fun

Article Image

Bloomberg.com

"It is our view that 2008 is probably going to be a very drastic year for the group,'' Barron, a senior research analyst at the Wayzata, Minnesota-based brokerage, said in an interview on Bloomberg Radio.

News Link • Global Reported By
Article Image

Calculatedrisk.blogspot.com

This graph shows New Home Sales vs. Recessions for the last 35 years. This is what we call Cliff Diving!

News Link • Global Reported By
Article Image

Associated Press

Sales of new homes plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector.

News Link • Global Reported By
Article Image

Michael Shedlock / Mish

One victim is Centro Properties Group, the fifth-largest owner of shopping centers in the U.S. The Australian real-estate company saw its share price fall by 90% in two days last week...

News Link • Global Reported By
Article Image

http://www.usadaily.com/article.cfm?articleID=2101

Denmark Bank predicts Ron Paul presidency, U.S. depression Denmark based Saxo Bank predicts Ron Paul presidency in 2008. According to Pravda.Ru, the bank predicts Paul will be the next president and that the U.S. economy will plunge into a depress

News Link • Global Reported By Mike Shedlock
Article Image

Calculatedrisk.blogspot.com

After the peak in December 1989, prices in Los Angeles fell 41.4% over about 7 years, in real terms (adjusted for inflation). (Note: using the OFHEO series, real prices declined 34% in LA in the early '90s).

News Link • Global Reported By
Article Image

Mike

Falling home values and rising property taxes in many parts of the country are generating the loudest complaints about property levies since the 1970s, forcing state and local officials to address the outcry even as the housing-market slump eats into

News Link • Global Reported By Mike Shedlock
Article Image

Mike

Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the last year and prompting warnings of worse to come.

News Link • Global Reported By Mike Shedlock
Article Image

Michael Shedlock / Mish

This is the commercial real estate domino effect. If one key player backs out of a commercial real estate development, then they all do: "Lowe's backed off, and then Kohl's ...

News Link • Global Reported By
Article Image

AZCentral.com

A major real estate broker shut its door just days before Christmas, leaving 350 agents without a home, and about 20 salaried employees without a job.

News Link • Global Reported By
Article Image

YouTube / takadi

Fox Business News tees it up for Peter Schiff author of "Crash Proof", Yaron Brook from the Ayn Rand Institute, Victoria Barrett associate editor for Forbes Magazine, and Gary Kaltbaum of garyk.com.

Article Image

AP

Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the last year and prompting warnings of worse to come.

Article Image

CalculatedRisk.blogspot.com

A $1+ trillion mortgage loss number is possible if it becomes socially acceptable for the middle class to walk away from their upside down mortgages. And that doesn't include losses in CRE, corporate debt...

News Link • Global Reported By
Article Image

Michael Shedlock / Mish

By the early part of 2007, loans were sometimes made for 120% of a property's value. Who would be so crazy as to lend more than the property is worth. Anyone who believes in perpetual-motion-machines...

News Link • Global Reported By
Article Image

CalculatedRisk.blogspot.com

Back in August, when the sale of Chrysler to Cerberus was closed, the investment banks were unable to sell $10 billion in debt and had to take the debt on their balance sheets.

News Link • Global Reported By
PurePatriot