Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: France, Italy, Spain All at record lows in GDP Mish Shedlock nails it in the article below. We are reminded again that […]

Tags: China, Eurozone, French Revolution, Gdp, Germany, Great Depression, housing prices, ICELAND, india, Italy, Japanese, Malasia, Mish Shedlock, Mortgage Crisis, recession, riot, UNITED STATES
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How Unemployment Is Dragging Down The Housing Market The Huffington Post Lila Shapiro  First Posted: 03/25/11 02:35 PM Updated: 03/25/11 02:35 PM Although the United States population has grown by 120 million people in the past fifty-odd years, today’s new homes are selling at just half the pace they were in 1963. Home sales are being […]

Tags: Bank of America, Ben Bernanke, Business News, Economists, Global Economic Trend, housing market, Labor Force, recession, Underemployment, Unemployment Market, UNITED STATES
Posted in bubble, Corruption, Eviction, securities fraud |

Every one of the facts stated here are verifiable from multiple sources and are NOT disputed. The only policy question that is relevant is WHETHER WE PUT PEOPLE OR BIG BUSINESS FIRST in our priorities. The rest is obvious. HERE ARE SOME EXAMPLES: 1. HEALTHCARE: (AT LEAST $1 TRILLION IN DIRECT AND HIDDEN FAT IN […]

Tags: cartels, coal, credit, debt, DEFICIT, drugs, gas, healthcare, hospital, interest, intervention, oil, prevention, recession
Posted in bubble, Corruption, Eviction, securities fraud |

  Somehow, the housing trouble has to at least flatten out. As long as that is going on, I think the pressure on the credit system is going to persist. It is kind of the leading indicator. It is where the trouble started. We have to underpin the consumer. That is why this is different. […]

Tags: Bernstein, credit, delusion, depression, housing, recession, risk, securitization
Posted in bubble, Eviction |

  Commentary Choosing Recession Lakshman Achuthan and Anirvan Banerji 04.21.08, 6:00 AM ET    The 2008 recession guarantees many months of job losses that will boost foreclosures and feed the credit crisis. But if fiscal stimulus had reached consumers quickly, it would have forestalled a recession, helping to stabilize the housing market. Such a soft landing […]

Tags: Federal reserve, money, recession
Posted in bubble, Eviction |

IN THIS STORY FROM THE WALL STREET JOURNAL, IT IS CLEAR THAT FLOUNDERING FEDERAL POLICY-MAKERS ARE AVOIDING THE ESSENTIAL ISSUE — WE HAVE TRILLIONS OF “DOLLARS” OF DERIVATIVES OUT THERE THAT ARE HUGELY OVERVALUED BECAUSE OF FRAUDULENT APPRAISALS SUPPORTING THE APPEARANCE OF A RISING HOUSING MARKET. And now many other securities and loan arrangements are […]

Tags: Barney Frank, derivatives, Federal reserve, recession, Treasury
Posted in bubble, Corruption, Eviction |

Trouble for American Consumer is building and the perfect storm threatens our tenuous economy.  DEEP RECESSION LOOMS WITHOUT FUNDAMENTAL CHANGE IN OUR POLITICS AND ECONOMIC POLICIES   The inevitable outcome was always the same: eventually we would hit the the top, like in any Ponzi scheme.  Consumers, who maxed out their credit cards, and maxed […]

Tags: Asian inflation, credit cards, credit crisis, dollar, euro, innovation, recession, Rothbard, Von Mises
Posted in bubble, Corruption, Eviction, securities fraud |

Collateral damage and contributing damage  From CNN and NY Times: Loss of jobs means loss of income, loss of tax revenue, increased defaults on home loans, credit cards etc. The downward spiral of economics and the upward spiral of inflation are here. They will continue to feed off of each other. It is political cowardice […]

Tags: bankruptcy, briefing, candidates, job losses, jobs, recession, unemployment
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Whether Krugman is right in today’s New York Times, predicting a massive bailout between $450 billion and $3 trillion at taxpayer expenses, or the “free marketers” have their way and let everyone collapse, or some people finally get it and move toward a consensus of policy that forgives everyone their transgressions but keeps them in […]

Tags: borrowers, debt, depression, equity, lenders, recession, risk
Posted in bubble, Eviction |

The problem for homeowners is that however many ideas are put forward they won’t be effective in time to save most people, they won’t be in time to save the economy, and they won’t be in time to save our currency from further wrenching devaluation. It is the fierce urgency of now that cannot even […]

Tags: Clinton, depression, Eleanor Roosevelt, jobs, judiciary, McCain, Obama, Pelosi, recession, State Courts, Supreme Court
Posted in bubble, Eviction, securities fraud, Uncategorized |