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If we have a replay of 2007 oil prices, it will be the final nail in the coffin for the U.S. economy. Let commodities of other varieties keep rising at the rate they have for the last several months, and whatever green shoots may have truly existed will be dead weeds. I would imagine Taleb...

65% Of Modified Loans Will Default Again, Study Predicts By Ben Popken, 9:49 AM on Mon Jun 1 2009 http://consumerist.com/5273800/65-of-modified-loans-will-default-again-anyway-study-predicts Many homeowners that couldn't afford their home the first time around, can't afford it the...

Absolutely. We can see the tangible evidence just by looking at the 1,600 mile highway that the 'North American Union' is building from Texas to Canada, where drivers will have RFID manifests, and the globalists ideal of creating max pain in the U.S. similar to what happened to spawn the...

Stop propping up failed banks and businesses, encourage capital investment and businesses to expand or begin with massive capital expenditure tax cuts, design and implement a policy to give massive incentives for all the world's nations to design and build their products in the U.S. Also...

1) Banks don't want to take homes back that are worth less than 1/2 the remaining mortgage balance (let alone any HELOCs, etc.), and pay taxes and maintenance and all the rest, just sitting on the house, in this terrible and deteriorating (i.e. getting even worse) economy. 2) Those who bought...

GPS: Panel on Economy 7:16 Niall Ferguson and Joshua Cooper Ramo discuss recent rosy predictions of the state of the world economy, and how these 'green shoots' are mere propaganda. This interview is outstanding, discussing the U.S., China, India, and Brazil, inflation versus deflation...

FT, you're right. I was flip with my response to the NK question, and my answer gave very little substance. I absolutely agree that NK is an unpredictable (wildly so) regime. And I do think the fact that there are succession issues looming large make it more so. I should have said the...

Cutten, I didn't say any retail transactions - after all, there are people who need to live near work still, and other being transferred for work, and some who are choosing to retire to Florida. But it's a diminutive trickle compared to normal levels. Also, buyers are playing extreme...

These homes that the article addresses, in that particular municipality in Florida - there is no retail market for them at this time, much like many parts of the country. Hence, the government program to subsidize the costs of housing at taxpayer expense attempts to tie in 1) employment...

North Korea is not a problem. I'm a realist. Don't let the 'doom and gloom' crowd scare you about North Korea. There is very little risk in that situation. They just want some attention. Now the U.S. and Europe....economic calamity is knocking on the door, and is about to kick the...

Many insurers are leaving the hurricane insurance business completely including All State and State Farm in Florida. In other words, people can't afford to pay the premiums it would take for them to write profitable insurance policies, so they said "f**k this, we're not charities." Watch and...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAbvz8Lryb_E&refer=home Geithner Visits China With Reassurances on Deficit, Treasuries Share | Email | Print | A A A By Rebecca Christie June 1 (Bloomberg) -- Treasury Secretary Timothy Geithner arrived in Beijing with a pledge...

"Are people getting away with not paying their mortgages for months? years?" Yes. Many People. Many, many, many people.

This was from October of 2008 - things are much worse now: The Fall of the Mall By LEFTLOFT What does a recession look like? Well, here’s one view, as seen through retail sales. The theoretical mall maps below show 27 companies with stores or restaurants in malls across America. (In...

The rats on the inside are getting whatever they can for them and their families before the whole FUBARED ship sinks. Just because you may be a fellow American, doesn't mean they're not waving the birdie at you with a big "F**k You!" and stealing from you and your children while they're at it.

Green shoots, baby! Everywhere you look! "I spread this amount of green shoot, goldilocks bullshit before I even eat breakast." Mexico Economy to Shrink 8.5%, Goldman Sachs Says http://www.bloomberg.com/apps/news?pid=20601086&sid=aPaQAdI3bmuo&refer=latinamerica By Valerie Rota...

Green Shoots!!! All those unemployed and underemployed workers, with no means to buy cars, furniture, homes, electronics, clothes or eat out! Economic growth, here we come! The real unemployment rate in the U.S. is probably close to 18% at this time. Gotta' love the BLS. They should drop...

I agree. The U.S. is going to see gentrification of older, urban suburbs, and more and more people are going to give up cars and 45 minute commutes, each way, back and forth to work (like in Atlanta). It will be the new thing to live close to work, have one car if any, and be within...

-CONTINUED- The challenges don't end there. Even before the Crash of '08, the Sun Belt was being buffeted by outmigration of factory jobs abroad. In the Carolinas, for example, industries that linked up the economy, society and culture for more than a century — furniture making, tobacco...

Has economic twilight fallen on nation's Sun Belt? By TODD LEWAN – 6 hours ago http://news.yahoo.com/s/ap/20090530/ap_on_re_us/us_stress_map_sun_belt_sunset ORLANDO, Fla. (AP) — We first heard the term decades ago: The "Sun Belt" was just starting a run of phenomenal growth — and...