Foreclosures Up 48 Percent From Year Ago: RealtyTrac

By AMY MCALISTER
Published: June 13, 2008
Foreclosure filings continued their surge in May, jumping 48 percent from levels recorded one year earlier as the number of distressed borrowers continues to mushroom in key housing markets across the nation. RealtyTrac Inc. reported Friday morning that 261,255 properties were subject some sort of foreclosure activity — default notices, [...]

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 [...]

Buffett: “Economy is in a Recession”

NEW YORK (Reuters) — Warren Buffett, the world’s richest person, said Monday that the U.S. economy is in a recession that will be more severe than most people expect.
Buffett made his comments on CNBC television after his Berkshire Hathaway (BRKA, BRKB) agreed to invest $6.5 billion in the takeover of chewing gum maker Wm Wrigley [...]

The Price for Food and Fuel Will Only Go Up

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

AP Poll: Mortgage Payments Worry Many

Apr 14, 3:26 PM EDT

AP Poll: Mortgage Payments Worry Many
By ALAN FRAM
Associated Press Writer
WASHINGTON (AP) — One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home’s value is shrinking, according to a poll showing widespread stress from the [...]

Jeremy Siegel: Even in a Bearish Market, Bullish on Stock

In an open discussion with executives in the Securities Industry Institute, Wharton professor Jeremy Siegel examined investment strategies in the current market. Siegel, author of the landmark books Stocks for the Long Run and The Future of Investors, drew upon historical records in making sense of the current downturn.
Based on Siegel’s analysis [...]