Existing Homes Sales Expected To Crash More

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Existing home sales ticked downward in March, with much of the decline concentrated in the mid-west and the south.
Sales are now off 32% since June of 2005 and inventories remain stubbornly high.
As recession fears continue, downward pressure will likely remain for some time to come
Jim Stack of InvesTech Research
By the way, check out [...]

Oil Could Reach $200 A Barrel

Goldman’s Murti Says Oil `Likely’ to Reach $150-$200

By Nesa Subrahmaniyan
May 6 (Bloomberg) — Crude oil may rise to between $150 and $200 a barrel within two years as growth in supply fails to keep pace with increased demand from developing nations, Goldman Sachs Group Inc. analysts led by Arjun N. Murti said in a report.
New [...]

Financial Doom - Current Best Sellers

Go ahead and read those apocalyptic books on the economy if you like a good scare. But be sure you recognize fiction when you see it.
By Jim Jubak
If fairy tales express our deepest fears, then investors must be on the verge of a psychotic breakdown.
The current crop of financial gloom-and-doom books carry titles such [...]

It’s a recession to 4 out of 5 Americans

A CNN/Opinion Research poll shows that the nation is becoming more convinced the economy is in a nosedive.
By Catherine Clifford, CNNMoney.com staff writer
Last Updated: May 6, 2008

NEW YORK (CNNMoney.com) — A new poll shows that more Americans than ever before think the economy is in a recession.
A national CNN/Opinion Research Corp. poll released Tuesday found [...]

Why This Crisis is Still Far from Finished

Why this crisis is still far from finished
By Mohamed El-Erian
Published: April 24 2008

During the past few weeks we have seen a growing number of market participants predict an end to the dislocations that erupted last summer and claimed victims throughout the financial system and beyond. While their predictions are understandable, they are premature. The dynamics [...]

The Price for Food and Fuel Will Only Go Up

Read This - and get out of debt and start to save more cash

Economic Update - March 9,2008

Housing Foreclosures hit an all time high of 0.83% of all mortgages nationwide.

Over 5.8% of homeowners were behind in their mortgage payments, the largest number in more than two decades.

House prices lost a staggering 8.9% in 2007 - and they’re still dropping.

The supply of unsold houses rose to 4 million, or to over a [...]

Housing In Deepest Decline Since The Great Depression

Rapid Deterioration

Housing in deepest decline since the Great Depression, economist says

By Steve Kerch, MarketWatch
Last update: 4:48 p.m. EST March 4, 2008

CHICAGO (MarketWatch) — Housing is in its “deepest, most rapid downswing since the Great Depression,” the chief economist for the National Association of Home Builders said Tuesday, and the downward momentum on housing prices appears [...]

Foreclosures Hit All-Time High

Foreclosures hit all-time high
Over 900,000 borrowers are losing their homes, up 71% from a year ago, and a record number of home owners are behind on payments.

By Les Christie, CNNMoney.com staff writer
Last Updated: March 6, 2008: 2:25 PM EST

NEW YORK (CNNMoney.com) — More home owners than ever are losing the battle to make their [...]