All Posts Tagged With: "recession"
Do We Have A Depression In America?
Forget recession. Is America in the midst of a full-blown, no joking, outright depression? “If the notion that we are merely living through the aftereffects of a mere ‘recession’ that ended in 2009 sounds somewhat ridiculous, that’s because it is,” says Richard A. Posner, a federal judge and law school lecturer based in Chicago. “If [...]
24Aug2011 | Peter G. Miller | 6 comments | Continued
Harris Poll: 27,000,000 Borrowers Think They’re Underwater
A new study from the Harris Poll suggests the extent of the current financial crisis and mortgage meltdown: “Fully 24% of people with mortgages believe they owe more on their mortgages than their homes are worth,” says Harris. “One in nine homeowners (11%) with mortgages report having ‘a great deal of difficulty’ in paying off [...]
13Apr2010 | Peter G. Miller | 0 comments | Continued
Housing Recession Nearing An End, Say Home Builders
The National Association of Home Builders has a new online article Housing, Economic Growth Now Heading to Higher Ground. Really? According to the NAHB’s chief economist, David Crowe, “the housing recession is nearing an end and housing will return on a very slow basis.” This is interesting. Are we having a housing recession? Certainly not [...]
28Apr2009 | Peter G. Miller | 0 comments | Continued
Why Worry About Recession When Inflation Looms Ahead?
The deal is done. The government is going to spend no, drat, “invest” $8.5 trillion, no wait, that’s not right, the total potential bill could be as much as $9.7 trillion according to Bloomberg News, to bailout, oops, darn, nope, to rescue Wall Street, oh my, that’s not it either, I mean “Main Street” and [...]
13Feb2009 | Peter G. Miller | 0 comments | Continued
How To Recession-Proof Your Finances
The last recession seen in the U.S. was in 2001-2002. As a nation we’ve done so well for so long it’s sometimes hard to remember that prices can fall, people who don’t work for dot-coms can get laid-off, and the world is a dangerous place. What to do? Now is the time to pull out [...]
13Sep2008 | Peter G. Miller | 0 comments | Continued
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