Ad sales are a key tell on what is coming down the road if you did not already know that…
Comments »U.S. Poverty Rate Highest Since 1993
I like how the idiot says blacks are doing better this go around, with just 27% considered to be poor.
Comments »Home sales increase with foreclosures
Comments »WASHINGTON (AP) — The number of Americans who bought previously occupied homes rose in August. But sales were driven by an increase in foreclosures, a sign that home prices could fall further next year and slow a housing recovery.
The National Association of Realtors said Wednesday that home sales rose 7.7 percent last month to a seasonally adjusted annual rate of 5.03 million homes. That’s below the 6 million that economists say is consistent with a healthy housing market.
Last month’s pace was slightly ahead of the 4.91 million sold in 2010, the worst sales level in 13 years.
Homes at risk of foreclosure made up 31 percent of sales. That’s up from 29 percent in July. Many are being bought by investors.
U.S. Mortgage Applications Grew Ever So Slightly
BoE Expect to Expand Their Bond Purchase Program; Ministers Argue For More Stimulus
Commodities Crushed, Year to Date
Enter deflationary vortex.
No. Ticker YTD Return Watchlist
1 URA -53.98 Raw Commodities Index
2 LIT -27.66 Raw Commodities Index
3 KOL -22.16 Raw Commodities Index
4 UNG -20.53 Raw Commodities Index
5 JJC -18.58 Raw Commodities Index
6 JJT -18.01 Raw Commodities Index
7 JJN -15.66 Raw Commodities Index
8 USO -14.31 Raw Commodities Index
9 NIB -11.88 Raw Commodities Index
10 PALL -11.39 Raw Commodities Index
11 BAL -11.38 Raw Commodities Index
12 COW -3.12 Raw Commodities Index
13 DBA -1.89 Raw Commodities Index
14 PGM -1.34 Raw Commodities Index
15 FUE -0.85 Raw Commodities Index
16 SGG 0.04 Raw Commodities Index
17 JO 3.70 Raw Commodities Index
18 UGA 16.20 Raw Commodities Index
19 CORN 16.76 Raw Commodities Index
20 GLD 26.64 Raw Commodities Index
21 SLV 28.60 Raw Commodities Index
Obama Stimulus Failed Because It Was a Pygmy Package
So if we wasted even more money then it would have been a success ?
Targeted stimulus was what was needed.
Comments »GM and UAW Strike a Deal Worth 6k Jobs
IMF Special Report: Averting Another ‘Lehman Moment’
The real question is; are we setting up a Lehman scenario with bailouts ?
Comments »Time to Face the Music in Greece
No matter what your persepctive is on how Greece arrived at the current crossroads; it is important to consider what is ultimately going to happen and if bailouts should even go forward.
Comments »IMF Cuts Global Growth Outlook; Europe in Deep Mire
Your Tax Dollars at Work: How The Federal Government Pays More For Outsourcing
Part of S&P’s Decision on Italy is Lower Growth Due to Austerity
Main Street More Pessimistic Than Wall Street
Roubini: Greece Should Default and Quit Euro
Roubini feels that Greece is getting ripped off. He must have watched the Documentary Debtocracy.
Comments »U.S. Ambassador To China Requests Trade Barriers to Be Lowered
“China must lower barrier if it wants to achieve it growth goals”…..China must be laughing at this request no ?
Comments »U.S. Treasury Notes Falls Confirming Momentary Strength in Equities
Japanese Bond Yields Get Shoved Into a Murder Hole; Spelling Recession to Come
Japanese bond yields have fallen sharply as of late which some analyst say is a clear sign recession is coming.
Comments »George Papandreou: Productive Phone Calls Continue
Reports of productive phone calls started yesterday and continuing today have held world equity markets up in anticipation Greece will not default shortly.
Comments »Austerity Measures Brings More Strikes to Spain
Madrid saw strikes from teachers protesting over austerity measures. About 43% of all teachers walked out; strike may foreshadow what is to come.
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