Wall Street Journal reports further decline in lending
“US lenders saw loans fall by the largest amount since the govenment began tracking such data, suggesting that nervousness among banks continues to hamper economic recovery.”
Lending fell by 3%, or $210.4 billion, the largest decline since data collection started back in 1984. The FDIC also admits that its [...]
The next big collapse
From Economist Robert J. Samuelson’s Column in the Washington Post.
Writing in the Financial Timer, (Nouriel Roubini, who you may remember as one of the few economists to predict last years financial crash) warned that the Federal Reserve and other government central banks are fueling a new asset “bubble that — while not [...]
Nicholas cage loses two homes worth $6.8 million to foreclosure; the rest of us lose 250,000 homes so far this November.