Noted economist predicts lawlessness in the United States!
WASHINGTON - January 5, 2010 - In his 2008 bestseller Wealth, War and Wisdom former Morgan Stanley research guru Barton Biggs warns us to prepare for a "breakdown of civilization ... Your safe haven must be self-sufficient and capable of growing some kind of food ... It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc ... A few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage.".
Economists say financial crisis is far from over!
NEW YORK - January 5, 2010 - Amerika's financial crisis is nowhere near over, according to top economists who largely contradicted the growing chorus of Wall Street bankers and government officials who say the worst has passed.
States running out of money for unemployment benefits!
WASHINGTON - January 4, 2010 - One aspect of the current economic collapse that has not been widely reported is the extreme difficulty that most state unemployment insurance funds are facing. At this point, 25 state unemployment insurance funds have gone broke and the Department of Labor estimates that 15 more state unemployment funds will likely go broke within two years and need massive loans from the federal government just to keep going.
2009 bankruptcies up by 32 percent!
RALEIGH, North Carolina - January 4, 2010 - U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.
Devastated commercial market to spark more lawsuits and bankruptcies!
PHOENIX, Arizona - January 1, 2010 - Two things are certain for 2010: The tanking commercial real estate market will sink even further and it will spark more legal disputes, lawsuits and bankruptcies over soured deals. That is according to leading real estate attorneys tracking the Phoenix market.
Commercial real estate could trigger deeper Depression!
NEW YORK - December 31, 2009 - Reports that commercial real estate (CRE) is suffering from a double whammy of soaring vacancies and declining valuations have been making news recently with sobering regularity.
Amerikans seek silver lining in 2010!
WASHINGTON - December 31, 2009 - The bank account is thin but the future looks pretty good.
That, oddly enough, is the view of many Amerikans who predict 2010 will be a better year than this one, even if they fear that the U.S. economy and their own financial circumstances won't improve.
That, oddly enough, is the view of many Amerikans who predict 2010 will be a better year than this one, even if they fear that the U.S. economy and their own financial circumstances won't improve.
More Articles ...
- U.S. new jobless claims dip to 17-month low!
- U.S. in fiscal peril with $12.1 trillion debt!
- Japan Air stock plunges as investors fear bankruptcy!
- Treasury claims majority stake in GMAC!
- North Texas commercial foreclosures jump by 27 percent!
- Real estate could be a red flag for smaller banks!
- Debt will continue to dominate in 2010!
- Royal Canadian Mint reveals how it lost gold!
- National Irish Bank to stop handling cash!
- Small business bankruptcies rise 81% in Kalifornia!
- Third-quarter growth revised downward!
- More prime mortgages default in third quarter!
- Citadel Broadcasting files bankruptcy!
- City shuts down on Christmas Eve to save cash!
- U.S. Treasuries harder to buy!
- Regulators close seven more banks!
- Four big bailout recipients mired in debt!
- Banks send checks into the recycle bin of history!
- Jobless claims rise for second straight week!
- AMBROSE EVANS-PRITCHARD: Gulf petro-powers launch their own currency!
- FDIC boosts 2010 budget and staff!
- Producer prices climb more than forecast!
- UN socialists seek Obama support for global financial tax!
- Dead-end decade for shares likened to 1930s!
- Foreclosures top 300,000 for ninth straight month!
- New jobless claims rise more than expected!
- Home prices expected to slide further!
- The coming wave of debt defaults!
- UK and U.S. financial ratings weaker!
- Fourth largest bank failure this year!
- Foreclosure prevention plan participants delinquent on new payments!
- Commercial property loan defaults surging!
- Housing market meltdown not over yet!
- Goldman Sachs staff buying guns for defense against public uprising!
- Report indicates real estate exposure is higher than previously thought!
- Chaos erupts after North Korea revalues currency!
- Kalifornia tops U.S. in delinquent mortgages!
- AMBROSE EVANS-PRITCHARD: Morgan Stanley fears UK sovereign debt crisis in 2010!
- One quarter of all mortgage borrowers are underwater!
- UAE moves to head off run on banks!
- Fear pushes U.S. rates into negative!
- One in four borrowers is underwater!
- Retail expectations low for holiday season!
- U.S. growth downgrade weighs on world markets!
- Early data suggest suicides are rising!
- Gold hits another record!
- Actual jobless rate at 17.5%!
- Wave of debt payments facing U.S. government!
- Closed Florida bank makes 124 failures this year!
- Jobless claims remain at record levels!