Half of middle class home owners fear their properties could be repossessed next year
Nearly half of middle-class home owners fear that they could lose their properties next year because they are struggling to pay their mortgages, research shows.
By Christopher Hope, Whitehall Editor
Last Updated: 6:53AM GMT 30 Dec 2008
The news comes after the Council for Mortgage [...]
Total private 113,623.0 -2,136.0 -1.845%
Total nonfarm 136,167.0 -1,870.0 -1.355%
Goods-producing 20,920.0 -1,129.0 -5.120%
Private service-providing 92,703.0 -1,007.0 -1.075%
Service-providing 115,247.0 -741.0 -0.639%
Trade, transportation, and utilities 25,977.0 -716.0 -2.682%
Manufacturing 13,168.0 -626.0 -4.538%
Construction 6,952.0 -568.0 -7.553%
Manufacturing PRODUCTION WORKERS 9,383.0 -561.0 -5.642%
Professional and business services - Administrative and support services 7,549.1 -532.3 -6.587%
Professional and business services - Administrative and waste services [...]
“The transformation of the years of easy credit into a financial nightmare for many big companies is illustrated by the Bank of England in its Quarterly Bulletin, which was published overnight.
This transition from credit feast to credit famine is depicted in a chart of the maturity profile of outstanding European corporate debt (stay awake, this [...]
US Layoffs List - The Latest Casualty Count
Read only one number out of this report (the only one you should bother with monthly) - U-6.
Bottom line - 12.2%, up 1.1% since last month and 4.1% in the last 12 months, or a rise of 50% (!)
This is all unemployed plus all “marginally attached” workers (those [...]
Tomorrow brings another unemployment report and analysts expect the economy to shed a whopping 250-350,000 jobs in November. The majority of this years layoffs have come in the last 6 months of the year. Those people were still paying their mortgage. Out of all of those job losses how many more homes does that equate [...]
By David Leonhardt
The Longest Recession Since by now, By now, everyone has heard that the current financial crisis is the worst since the Great Depression. Is this also going to turn out to be the longest recession since the Depression?
The National Bureau of Economic Research — the widely acknowledged arbiter of recessions — announced today [...]
After the closing bell Monday, Starbucks posted weaker than expected quarterly profits, with its net falling 97%. Its shares fell more than 8%.
The mirror of Circuit City
The coffee-shop operator has been focusing on restructuring efforts aimed at blunting the effects of slower store traffic and a weak economy, including shuttering 600 stores and introducing [...]
WASHINGTON (MarketWatch)– Home prices in 20 major U.S. cities dropped 1% in August compared with July and had fallen a record 16.6% from the previous year, according to the Case-Shiller home price index published Tuesday by Standard & Poor’s. Prices have fallen in all 20 cities compared with a year ago. Only two of the [...]
1. Under normal conditions when FED lower rate, more carry trade will UNWIND toward JAPAN, which sourced all World carry trades by interest differentials between FED and Central Bank of Japan
2. As they already knew a DRASTIC CUT by FED,and its effect on YEN which may mean sending YEN to USD/YEN 0.80 or EVEN BELOW [...]
quote
Treasury will have to issue three trillion dollars of new debt over the next 12 months in an attempt to make this work. But Treasury has been using very short-term debt - mostly four week and 13 week “bills”, to fund the existing debt, because they are cheaper. As such the total amount of these [...]
They don’t happen out of the blue or just because. There are a serious of events over time that lead to such an event.
If you look at history, the market had typically ran up substantially before a major decline. This was especially true in 1929, 1987, 1997, 2000, 2008.
For example, the market was up [...]
Current U.S. Economy Causes Seniors to Give Less, the Young to Give More
Grizzard survey indicates age gap between those that are more likely to increase
donating habits from 2007
ATLANTA, Sep 02, 2008 (BUSINESS WIRE) — The Grizzard Communications Group, an
industry leader in integrated, direct response marketing and fundraising, today
announced the results of a survey investigating the [...]
PRICE TARGET CHANGES: FRIEDMAN, BILLINGS & RAMSEY
Last Update: 5/1/2008 10:28:14 AM
Friedman, Billing & Ramsey issued the following share price target changes on
Wednesday:
Company Name Symbol New Trg Old Trg Current Time Span
INCREASE:
Flowserve Corp [...]
U.S. import prices rise 2.8% in March
Jump in petroleum prices pushes gauge to highest since November 2007
By Robert Schroeder, MarketWatch
Last Update: 9:31 AM ET Apr 11, 2008
WASHINGTON (MarketWatch) — A surge in prices for imported petroleum pushed
prices of goods imported into the U.S. higher by 2.8% in March, the most since
November 2007, the Labor Department [...]
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