Jobless claims remain at record levels!
Housing slump may worsen next year!
Record numbers of mortgage loans are late!
NEW YORK - November 19, 2009 - Mortgage borrowers are still falling behind on their payments in record numbers, despite the many foreclosure prevention efforts initiated by both the government and non-profit organizations.
AMBROSE EVANS-PRITCHARD: Société Générale tells clients to prepare for global collapse!
The French bank Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
By Ambrose Evans-Pritchard
LONDON, England - November 18, 2009 - In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.
Most believe New York will run out of cash next month!
A Marist College poll shows that 69% of New York voters are worried or very worried that the state may run out of money next month.
Mortgage delinquencies hit another record!
NEW YORK - November 17, 2009 - The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
Simmons bedding company files bankruptcy!
More Articles ...
- Falling dollar sends gold to another record high!
- One in six Amerikans goes hungry!
- Foreclosure filings surpass 300,000 for eighth straight month!
- Dollar trouble could prolong Depression!
- Applied Materials to cut jobs!
- Poorest town suffers from Depression!
- Ten most economically troubled states!
- Lloyds announces 5,000 job cuts!
- Big Kalifornia bank with branches in China fails!
- Actual unemployment rate is 17.5%!
- Seven ways to survive the lack of jobs!
- U.S. jobless rate surges to 10.2 percent!
- Grim reality grips U.S. commercial real estate!
- Half of U.S. children will get food stamps!
- Could Amerika go broke?
- Economist claims world risks Depression if stimuli are not continued!
- U.S. dollar continues to fall!
- Small business lender CIT declares bankruptcy!
- Nine banks seized in largest one-day haul!
- Billionaire sees coming huge commercial real estate crash!
- U.S. Airways cutting 1,000 jobs and reducing flights!
- CIT Group receives $4.5 billion from creditors!
- Number of foreclosures double in Washington area!
- New home sales fall faster than expected!
- Current economy at 26-year low!
- U.S. Steel posts third straight quarterly loss!
- Big commercial lender Capmark files for bankruptcy!
- AMBROSE EVANS-PRITCHARD: Food will never again be so cheap!
- Bank failures hit 106 for year!
- Higher jobless rates could be the new norm!
- Revised formula puts 1 in 6 Amerikans in poverty!
- School's out for Depression!
- More State government layoffs expected soon!
- City managers to take off five weeks!
- Financial Armageddon proves parable for local governments!
- Foreclosures force former owners to turn to shelters!
- U.S. bank failures top 100!
- Latin America bloc to stop using dollars in trade!
- Foreclosures level over past three months worst of all time!
- Fed warns of commercial real estate collapse!
- CIT bankruptcy looms as debt swap struggles!
- Continuing Depression now being blamed on low demand!
- Commercial real estate to drive bank failures!
- Dollar reaches breaking point as banks shift reserves!
- Steep losses pose crisis for pensions!
- Number of small bank failures increases!
- U.S. states suffer unbelievable revenue shortages!
- Tens of thousands demand financial help!
- Foreclosures mark pace of ongoing housing crisis!
- Gold hits new record high for third consecutive day!
