Archive for June, 2007
Friday, June 29th, 2007
Collateral Damages
Many Wall St.’s top deal makers must have butterflies are starting to float around the stomachs as we write this update: all our fears are coming true. All of them… this week there was an avalanche of dire warnings like ever seen before. As of June 28 BofA Analyst said that mortgage correction just ‘tip of the […]
No Comments » - Posted in News by Sharon Kayser
Friday, June 22nd, 2007
The first ‘B-I-G’ Domino
According to ‘Implode-O-meter‘ 86 major U.S. lenders have gone under. Until yesterday only middle and small size lenders were concerned, so many people wouldn’t take the anti-bubble crows seriously. The collapse of a first B-I-G domino such as Bear Stearns left many speechless. Once again one could read more about this dramatic event on the […]
3 Comments » - Posted in News by Sharon Kayser
Monday, June 18th, 2007
When Does A Slump Becomes A Bust?
On the Net as of June 13/06 one could read the following: The Federal Reserve wants to step in and impose measures such as: proof of income from borrowers. No penalties for early mortgage payments. And a guarantee that property taxes and insurance bills are covered… Lawmakers are pushing the Fed to act as late […]
1 Comment » - Posted in News by Sharon Kayser
Monday, June 18th, 2007
They tried to sell me credit cards - I said NO
Written compiled and blogged by Danny Schechter
Director of In Debt We Trust
I was at the Nantucket Film Festival this past weekend, in the place where I first previewed IN DEBT WE TRUST a year ago. I was happy to run into people who were still talking about the film, and asking about the progress we […]
3 Comments » - Posted in News by Sharon Kayser
Friday, June 8th, 2007
The Carnival Of Debts
The “Global Liquidity Crisis when the Credit Boom comes to an End”, Mike Whitney predicts, and here is why:
… There’s just one little problem; the Commerce Department announced yesterday that that GDP in the first quarter was revised downward to a measly .6%… In other words, economic growth is underwater and yet the stock market […]
No Comments » - Posted in News by Sharon Kayser
Friday, June 1st, 2007
Like an ATM That’s Out of Money
With the housing bubble deflating daily, here at IDWT, we anticipate the worst. CBSmarketwatch was reporting today that existing-home sales have fallen for 6th month in a row, that median sales prices were down 2.2% in past year; along with inventories beginning to shrink. Sales are down 14.2% in the past year NAR’s analysis reveals.
Will thus […]
