Sunday, November 08th, 2009

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Posts Tagged ‘ Mortgage Foreclosure ’

A Crash Course in the World Credit Markets

Mar 9th, 2009 | By Bill Bonner | Category: Politics & Economics

“Substantial doubt,” say auditors at Deloitte & Touche. They’ve been studying GMs figures. The numbers make them wonder whether the automaker can continue as a “going concern.”



Study of Great Depression Shows Postponed Foreclosures and Spikes in Mortgage Rates

Nov 6th, 2008 | By William Patalon III | Category: Financial News

It was January 1934. The Great Depression was five years old – but still had another five years to run.
The carnage was horrific: From 1929 to 1934, U.S. personal income plunged 44%, real output nosedived 30% and the unemployment rate soared to 25% of the American labor force.