Economic Despair

Forsake all hope ye who enter.

Are we in a recession?

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The jobs data settles that question..... April 4 (Bloomberg) -- The U.S. lost jobs for a third consecutive month in March and the unemploym...
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Renterrs evicted due to foreclosures

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Foreclosures aren't always kind to renters... Nearly 80 Baltimore City apartment tenants have been evicted from their homes this year, a...
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Rent free

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I didn't know how generous banks could be........ April 4 (Bloomberg) -- Banks are so overwhelmed by the U.S. housing crisis they'v...
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My favorite Cramer youtube clips

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It is all good.... Cramer gets Bernanke to wake up and cut rates. Sub prime doesn't matter, yeah right.... Bear Stearns is fine, three d...
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Leverage - the great unwind begins.

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The leverage ratios mentioned in this article are just out of this world.... SAN FRANCISCO (MarketWatch) -- The Great Unwind has begun, Cit...
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Credit Suisse expects to post a loss

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Another day, another loser bank.... PARIS — Credit Suisse , the Swiss banking giant, said Thursday that it expected to post its first quarte...
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California's collapsing tax revenues

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After the shake-down, the shake out begins.... March 20 (Bloomberg) -- Sacramento may eliminate up to 600 jobs in the city's first staf...
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Can my baby son file for bankruptcy

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We live in a mad country when a mother is forced to consider this kind of question . Question: Dear Bankruptcy Adviser, My soon to be husban...
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The subprime mortgage blues

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The credit crunch - US style

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Here is how the BBC over in England sees it. Hey, don't those English folks have their very own housing crisis? Whatever..... The cred...
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