Road to Depression

Tax bills put pressure on struggling homeowners!

NEW YORK - August 17, 2009 - Hard times are causing more homeowners to fall behind on their property taxes. But in thousands of cases, they are not responsible to their local governments, but to private companies that charge double-digit interest and thousands of dollars in service fees.

Road to Depression

Resort offers $19 "survivor" package!

SAN DIEGO, Kalifornia - August 17, 2009 - For their one-and-only family getaway this year, the Billingtons checked in to an upscale San Diego resort on Sunday with many of the usual vacation accessories - bathing suits, board games and golf clubs.

But they also brought flashlights, sleeping bags and an inf

Road to Depression

Chinese stocks plunge almost 6 percent!

BEIJING, China - August 17 2009 - China’s benchmark stock index fell almost 6% on Monday, dropping through the 3,000-point level and extending two weeks of falling prices that have wiped out two months of gains.

Road to Depression

Consumers don't share market optimism!

NEW YORK - August 17, 2009 - The market wants to grow again. We've seen that in recent trading patterns. We've also seen what happens when investor enthusiasm outpaces consumer confidence.

Road to Depression

An avalanche of insider stock selling!

NEW YORK - August 13, 2009 - Over the last two weeks corporate insiders have dumped over $2.1 billion in stock as opposed to $73.1 million in buys. I'm not sure I've ever seen the ratio of insider sells vs. buys this skewed toward officers and directors looking for the exit door. Talk about the captain jumping into the lifeboat and speeding away before the ship sinks.

Think about t

Road to Depression

Consumer bankruptcies may hit 1.4 million by end of year!

NEW YORK - August 10, 2009 - Consumer bankruptcies show no sign of abating after rising more than a third this year and may hit 1.4 million by December 31, as jobs are lost and loans are harder to get, according to the American Bankruptcy Institute.

Road to Depression

Foreclosures rise substantially over previous month!

WASHINGTON - August 13, 2009 - The number of U.S. households on the verge of losing their homes rose 7% from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.