Today's Fresh Blogs...

• The implosion of the Bush economy

  Published: August 9, 2007, 5:10 pm

  Tags: Economics, Bush, Recession

  crunch usually leads to recession: nobody wants to lend any money, people curb their spending habits, companies lay off and downsize. Bush declares that we're experiencing a soft landing - but what else can he say? All hands abandon ship??? It is a landing alright, but more on the crash side than anything else.And then a Democratic President

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• Countrywide's Mozilo sees recession as likely

  Published: August 23, 2007, 2:51 pm

  Tags: Mortgage News Insight, Angelo Mozilo, Arm Resets, Countrywide, Housing Market, Recession

  will lead to a nation-wide recession. From a CNN article covering the interview: In a televised interview, Mozilo said, when asked if housing would lead the United States into a recession: “I think so … I can’t believe … that this doesn’t have a material effect … on the psyches of the American people and

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• Dept. Of Extraterrestrial Biological Entities Have Replaced Karl Rove: Bush Just Taking Orders From Space Alien At White House

  Published: September 7, 2007, 2:39 pm

  Tags: Apocalypse, Area 51, Countrywide, Dept Of Extraterrestrial Biological Entities Have Replaced Karl Rove, George W Bush, Monsters, Mortgage, Recession, Space Aliens, Subprime, Ufos, White House

  So, um, there’s this CNN video of Bush talking about the subprime mortgage meltdown. And there’s a frickin’ SPACE ALIEN standing over his right shoulder, presumably giving him his lines. Go ahead, watch the video. WHAT IS THAT OMG WHAT IS GOING ON?Help for homeowners in trouble [CNN Video]

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• Dept. Of Extraterrestrial Biological Entities Have Replaced Karl Rove: Bush Just Taking Orders From Space Alien At White House

  Published: September 7, 2007, 2:39 pm

  Tags: Apocalypse, Area 51, Countrywide, Dept Of Extraterrestrial Biological Entities Have Replaced Karl Rove, George W Bush, Monsters, Mortgage, Recession, Space Aliens, Subprime, Ufos, White House

  So, um, there’s this CNN video of Bush talking about the subprime mortgage meltdown. And there’s a frickin’ SPACE ALIEN standing over his right shoulder, presumably giving him his...

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• Housing And Mortgage Woes Add To The Fear of Recession

  Published: September 8, 2007, 11:42 am

  Tags: Mortgage Layoffs, Home Sales, Housing Videos, Housing Market, Mortgage Video, Mortgage News, Countrywide Financial, Housing Market, Housing Videos, Mortgage News, Recession, Powered, Video, Countrywide, Financial, Bureau, Labor, Statics

  news, Mortgage Video, Recession ---Related Articles at Consumer Mortgage Reports:President Bush Announcement To Address Housing and Financial MarketsHome Sales Fall In A Third Of US CitiesLuxury Home Sales Doing FineWhat Will Be The Direction of Presidents Bush And HousingWhat's Next for the Subprime Mortgage CrisisPreview Of Ben Bernanke

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• UCLA: Economy Near Recession

  Published: September 12, 2007, 2:18 am

  Tags: Housing Starts, Recession

  Economy will hover near recession, forecast says The nation's economy will be so sluggish well into next year that any major hiccup could tip it into recession, UCLA's latest economic forecast predicts. The end of easy credit and a further decline in home construction are sending the economy into a "near-recession," with growth hovering

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• Parity

  Published: September 21, 2007, 11:05 pm

  Tags: Canadian Economy, U S Economy, Dollar, Recession, Loonie

  The loonie made parity with the U.S. dollar today.Then it slipped to 99.9 which gave it parity with the average cost per litre for gas in Edmonton.SEE:Gas Gouging If It Ain't BrokeFind blog posts, photos, events and more off-site about:dollar,, Canada,, jobs,, layoffs,, profits,, workers,, loonie,

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• Does a Recession matter?

  Published: October 5, 2007, 8:15 pm

  Tags: Gdp, Recession

  First, what is normal economic growth? To answer that question, look at this graph of the distribution of four quarter real GDP growth since 1956 (the last 50 years). Note: this graph uses each moving four quarter period as a data point. Each quarter will eventually be in four different events (they are not all independent). Click on graph

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• FHA Secure Act May Now Effect 80,000

  Published: October 6, 2007, 4:12 am

  Tags: Foreclosure Market, Fhasecure, Fha, Adjustable Rate Mortgage, Mortgage Video, Mortgage News, Mortgage News, Kokh, Secure, Oklahoma, Brought, Steps, Prevent, Recession, Washington, Kokh

  Play Video FHA Secure Act KOKH FOX Oklahoma - (KOKH) Oct. 05, 2007. 10:37 PM EST Washington steps in to prevent recession brought by home foreclosures. Adjustable Rate Mortgage, FHA, FHASecure, Foreclosure Market, mortgage news, Mortgage Video

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• California Retail Sales and Use Taxes

  Published: October 11, 2007, 11:42 am

  Tags: Retail, Recession

  the California economy is in recession. Click on graph for larger image. The graph shows the September retail sales tax collections (and fiscal year through Sept) since 1998. The large decline in 2001 was related to the '01 recession, the tech bust, and 9/11. Here are the numbers: California Retail Sales and Use Taxes Sept 2007:

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• Federal Reserve - 40% Chance of Recession

  Published: October 18, 2007, 3:18 pm

  Tags: Interest Rates, Federal Reserve, Recession, Chance, Sput, Global, Toxic, Exports, Economy, Slowdown

  of Economy Falling Into Recession. Federal Reserve Looking to Avoid Recession - Analysis and Discussion with Featured Guest William O’Donnell of UBS Securities: Global Interest Rates Rising; Toxic Effect on U.K. Housing Market; Rate Cuts Won’t Sput Inflation; Global Growth Important for U.S. Economy, a Global Slowdown Would Hit

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• Zelman: House Price Declines could range from 16% to 22%

  Published: October 22, 2007, 10:15 am

  Tags: Existing Home Sales, House Prices, Recession

  to 60 percent chance of a recession,'' as the housing slump curbs consumer spending. ... When you consider the huge home inventories and tight-as-a- drum mortgage restrictions, it's easy

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• Transportation Weakness: UPS and Burlington Northern

  Published: October 23, 2007, 12:54 pm

  Tags: Recession

  From the WSJ: UPS Posts 3.7% Rise in Profit Amid International Growth The world's largest package delivery company expects domestic package volume in the fourth quarter will grow at its slowest rate for the period in four years, amid weakened consumer spending in the U.S. ... "Retail sales growth is expected to remain weak and is a wild card

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• Glorious 1980 Returns As Oil Nears $100 [Best Year Ever]

  Published: October 29, 2007, 1:44 pm

  Tags: 1980, Best Year Ever, Depression, George Bush, Iran, Iraq, Kenny Rogers, Oil, Recession, Ronald Reagan

  up everything, as the worst recession since the Great Depression ravaged the nation. After just a year in office, the Reagan/Bush administration brought unemployment up to an astonishing 11% while interest rates topped 21%. More than 40 U.S. banks had collapsed by mid-1982, another post-Great Depression record. The steel and automobile

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• FHA Secure Act

  Published: October 30, 2007, 5:21 am

  Tags: Government Sponsored Enterprise Gse, Fhasecure, Fha, Adjustable Rate Mortgage, Mortgage Video, Mortgage News, Mortgage News, Fhasecure, Secure, Brought, Steps, Prevent, Recession, Washington, Foreclosures, Gse

  FHA Secure Act. Washington steps in to prevent recession brought by home foreclosures. Click here to complete: FHASecure Adjustable Rate Mortgage, FHA, FHASecure, Government Sponsored Enterprise (GSE), mortgage news, Mortgage Video

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