Posts tagged as:

great depression

Americans Repeating Great Depression Mistakes

by Moe Bedard

For the past several months, investors have been acting like it’s 1999, the first year when the Dow crossed 10,000, and stocks took off in complete disregard for reality. Yet the atmosphere then and now couldn’t be more different. Back then, stocks were frothier than real businesses, no doubt. But today, American job prospects are [...]

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“Huge Commercial Real Estate Crash Coming” – Wilbur Ross

by Moe Bedard

This has been mentioned on my blog for the last two years and now it looks like the dominoes are really starting to fall in commercial real estate. I am predicting the crash of 2010-2012 will wipe out 25-40% of all small to large sized US businesses and thus devastating the commercial sector.

The trickle down affect from lost jobs, more [...]

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Foreclosures Spread to Unemployed Middle Class

by Moe Bedard

What’s this new “wave” in the foreclosure crisis?
The first wave was caused by bad loan products, while the second will be driven by unemployment. Right now, we’re at the beginning of wave two. There are virtually no more foreclosures that are the result of subprime lending. The demographics of the foreclosure crisis are changing and [...]

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Fed Says Recession Almost Over and Unemployment to Continue. Huh?

by Moe Bedard

The U.S. housing market faces a “difficult” return to normal because government-sponsored enterprises own or guarantee most mortgage lending while alternative sources have disappeared, said an economist with the Federal Reserve Bank of San Francisco.
“Fannie Mae, Freddie Mac, and Ginnie Mae now own or guarantee an overwhelming share of originations,” bank senior economist John Krainer [...]

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Is JP Morgan Chase constructing the Great Depression?

by Moe Bedard

If our government allows this it will guarantee a GREATER DEPRESSION.  Whether it comes now or in a few years, it will happen.  This is the precise same stupidity that led to the 1930s and it will have the exact same outcome this time.
Here’s the problem folks, in one sentence:
The banks are STILL insolvent.
They are [...]

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New Debate on Obama’s Foreclosure Rescue Plans

by Moe Bedard

On the verge of rolling out President Obama’s new foreclosure rescue package some politicians are squabbling over the details. To me the details seem minor, to others, namely the politicians themselves, they are, in customary form, making a mountain out of a molehill.
While the Secretary of Housing announced banks are ready to roll out the [...]

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Is Your Bank About to Implode? The FDIC is Hinting, YES!

by Moe Bedard

The lender carnage, death and destruction litter the home page of Aaron Krowne’s Mortgage Lender Implode-O-Meter like the beach at Normandy on D-Day. The infamous list has grown from September 2006 when Aaron started the website with approximately 10 failed lenders to a whopping 276 major U.S. failed lending operations today.
That comes out to about one failed [...]

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