Housing Crisis

Recession? Recovery? Despression! Oh My

Posted by on July 16, 2010 at 9:28 am

It seems Wall Street, more than American citizens, are quick to claim that we are having a recovery. Are you kidding? Are they getting that fact from the still low but increasing Dow? Last time I checked, the Dow was never a proper indicator of a recession recovery. In fact, I remember a multiple choice [...]

Watch Out

Posted by on December 5, 2009 at 3:31 pm

As the Christmas month begins, signs tell us that the road will be rougher. Although the job losses slowed down, we still have to wait for sufficient job creation for recovery could take place. However, firms are delaying employing workers until they are confident enough of recovery. So, what should we really hold our fire [...]

Passage of Pressure

Posted by on November 30, 2009 at 3:22 pm

The slow process of foreclosure prevention forces the White house to pass on the burden to mortgage industry. Particularly, the companies that do not give sufficient aid to borrowers at the peak of loosing home. This will begin through monitoring companies’ work and call for two reports daily in their progress by launching in three [...]

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