Bernanke Refuses To Flush Toilet, Economy Begins To Really Stink



It’s been a long hot summer. Employment is barely growing; residential housing prices continue to erode because of too many foreclosures and too few buyers; Commercial Real Estate headed south as delinquent mortgages reached an all time high in July; AIG has had enough with the endless stream of losses on MBS’s and is now […]

Economists Praying For Housing Recovery



It’s a vicious circle we’re stuck in folks. Home prices won’t go up until there are more jobs, but there won’t be any more jobs around till the housing market recovers. This is a big problem because right now, both the broader economy and housing markets are struggling to get into gear. With hiring losing […]

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