Census Bureau Report Portrays Destruction Of The American Dream
It Already Is A Depression For Many
The latest report from the Census Bureau on income, poverty and health insurance coverage portrays a darkening economic picture for millions of Americans. Incomes and living standards fell without regard to [...]
Extended Unemployment Benefits Make Little Sense
Do Extended Benefits Reduce Job Seeker’s Motivation?
Excluding the depression of the 1930’s we are fast approaching a new official high in unemployment. During the depths of the last worst recession of 1981, unemployment exceeded 10% vs 9.4% [...]
Obama - 40 more years!
For all of those worried about tax increases, slow economic growth and rapidly expanding deficits, I have one word - relax. Consider the following comments made by the President today.
Obama Says Robust Growth Will Prevent Tax Increases
June [...]
Would Mortgage Rates At 3.625% Stimulate Home Purchases?
The Limitation of Low Rates
The Fed has done everything under its power to bring down mortgage rates and the best customer today can get a 30 year fixed rate mortgage at around 4.75%. Despite the all time [...]
Why It Just Became More Difficult To Get An FHA Loan -Declining Markets
New Appraisal Guidelines Effective April 1, 2009
All FHA appraisals dated on or after April 1, 2009 must include a Market Conditions Addendum in order for the loan to be insured by the FHA. There are also new [...]
Job Cuts And Pay Freezes - The Downward Spiral Continues
Companies by the thousands are announcing large layoffs to their labor forces and, in addition, cutting or freezing the pay of those who remain employed.
AT&T Freezes Salaries of 120,000 Management Workers
NEW YORK (Reuters) — AT&T Inc Chief [...]
The Flip Side of Bad News - Still A 90% Employment Rate
Disappearing Money
Charles Biderman of TrimTabs gave an interesting interview to Barron’s this weekend. TrimTabs tracks flows of money in an effort to predict the stock market’s primary trend.
According to TrimTabs, “the first sign of a turnaround will [...]
The Unemployment Rate - Is It 7.5% Or 18%?
Job losses continue to accelerate as thousands of workers lost their jobs today.
The latest numbers include:
CORNING INC 3,500
BOEING 5,500
STARBUCKS [...]
Job Losses - Symptom Of The Economy’s Downward Spiral
Major Job layoffs become a non stop story
Here’s a list of Monday’s horror show.
Sprint Nextel Cuts 8,000 jobs
Texas Instruments 3,400 jobs
Caterpillar 20,000 jobs
Corus 3,500 jobs
Philips Electronic 6,000 jobs
Home Depot 7,000 jobs
ING 7,000 jobs
Pfizer 8,300 jobs
GM 2,000 jobs
A [...]
