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…
Politics in the Zeros
"A republic, if you can keep it." Defeat MAGA
Politics in the Zeros
"A republic, if you can keep it." Defeat MAGA
Category recession
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…
Banks destroy new homes rather than finish them
These new, almost finished homes were getting steep fines from the municipalities. The builder had filed for bankruptcy and the homes were in foreclosure so the banks choose to destroy them instead.
Alan Abelson: If happy days are here again, why are insiders selling?
If those now infamous shoots of [stock market] recovery are popping up all over, why would insiders be so aggressively dumping stocks? Yet, they indisputably are. According to a study prepared for Bloomberg by Washington Service, a research outfit, directors,…
Flint, Mich. may do triage on self
When the US economy catches a cold, Detroit ends up in the emergency room and Flint goes on life support. Rather than wait out the inevitable decline, Flint is thinking about simply moving residents from dead quadrants of the city…