With a record 1 in 8 Americans now receiving food stamps I couldn’t help but share this ingenious little find on Google Maps: A Food Rescue Map! I’ve seen walking tours and other touristy maps on Google but this is a real gem. This Food Rescue Map shows 18 spots in New York City where [...]
Posts under ‘recession’
National Tea Party Convention: Let’s go?
My first thought upon hearing about the National Tea Party Convention was, “Let’s go!” No, not to shell out $349 to $549 dollars to hear Sarah Palin do her best Tina Fey impersonation, but to see if we might able to build some serious left-right coalition based on issues we can agree about. We don’t [...]
Venezuela
It’s not hard to find criticisms of Hugo Chavez in this country. Their socialist experiment, we are told, is doomed for failure. The recent news of Venezuela’s currency devaluation and two-tiered exchange rate have some shrieking failure. Mike Shedlock, on his blog Mish’s Global Economic Analysis, had this to say,
Turn out the lights. The collapse [...]
The Jones Report
We’re all familiar with the Dow Jones Report. What about a Jones Report? A report on the average American. Is she working? Does he have health care? Does the average American have basic access to the essentials of life?
Food Stamps
A story in yesterday’s New York Times about the rising use of food stamps paints a pretty grim picture of where we are as a nation. For instance, the program,
now helps feed one in eight Americans and one in four children.
About 20,000 people are added to the program everyday. And more and more it’s people [...]
Welcome to Dystopia
Where criminals are still free and desperately arguing for a continued coverup of their crimes:
I’m not amused that the Wall Street Journal solicited an op-ed attacking the decision to try KSM in civilian court from one of the people–John Yoo–with the biggest conflict on such a decision. It’s yet more proof that Rupert Murdoch is [...]
Dumb and Dumber
Yesterday I came across this video on You Tube of a young man named Robert Erickson giving a speech at a Minnesota Tea Party Against Amnesty. Erickson is introduced as a resident concerned about illegal immigration. He says the usual litany of complaints about immigrants: they steal our jobs, they stress our infrastructure, they tax [...]
Stock markets get pasted
The widely watched S&P 500 index not only failed to hold the 900 level yesterday, it also closed below its 50 and 200 moving averages, a highly bearish signal. The Dow and Nasdaq also got whacked.
Trader Mike reads the tea leaves. I once asked a friend who has traded futures successfully if technical analysis worked. [...]
China. Economic catastrophe unfolding
Zerohedge explains why, in great detail too.
Phoenix fixing its own housing market as foreclosure sales go crazy
In Phoenix, the real-estate market is fixing itself with no help from the government.
How? Houses owned by folks who can’t afford to own them are being sold at auction. In some cases, happily, the buyers are then turning around and renting the houses to their previous owners with at rents that are much lower [...]
A message to all you perkypants out there
We’ve “stopped falling off a cliff.” Oh, sure, sure. Now we’re bouncing down the scree:
Housing starts unexpectedly slid 13 percent to an annual rate of 458,000, led by a 46 percent tumble in multifamily starts, which tend to be more volatile, Commerce Department figures showed in Washington. Building permits, a sign of future [...]
Mothballed condo project in Irvine CA
Calculated Risk, in their first video, shows an empty, never-used condo project in Irvine. The lights are on, but no one is home. Ever.
New condos like this are shadow inventory – they are not included in the Census Bureau new homes report, and they are not listed in the MLS. But they do exist.
33% of homeowners w/mortgages are underwater
That’s a lot of pain…
Nonsensical stock market
The banks are still ailing, the second wave of foreclosures is about to hit, unemployment is rising, yet the stock market is soaring.
This of course makes no sense. We are probably still in a bear market rally and things may well come crashing back to earth soon.
But I’m not buying puts or going short yet. [...]
Skittles in Palmdale CA
From Rob Dawg at Exurban Nation
P = NOD filed
A = NTS filed
B = Back to the Bank / REO / Foreclosure
119 properties currently in the foreclosure process at some point for just 1 development.
At this point an earthquake would be a kindness.
Given that the San Andreas fault runs directly through the area, it could happen. [...]
