Housing bubble worse than tech bubble?

digg search, 03/15/07 08:24 AM
What we are about to experience with the real estate bubble is the main event. In that respect, though it may be March of 2007 it sure feels a lot like March of 2000. However, instead of a mild recession, this collapse will be followed by the most severe recession since the Great Depression. [read more]
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War Drags the Dollar Down

imagen War Drags the Dollar Down "Money expansion is financing the US warfrong. Both the Fed's sleight of hand and the credit creation of the derivatives industry have worked magic for the government and the elite...The shaky housing and mortgage markets threaten to spark more... [read more]
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"It's Just A House Of Cards"

The Housing Bubble Blog, 03/14/07 04:16 PM
Some housing bubble news from Wall Street and Washington. "Stock markets around the world tumbled Wednesday as investors moved to reduce risk, spooked by the sharp sell-off on Wall Street amid mounting fears over rising mortgage defaults. 'The rise in mortgage delinquencies in the U.S. has to be... [read more]
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As rates soar, 2.2 million Americans risk losing homes this year (AFP)

Yahoo! News Most Emailed, 03/14/07 03:37 PM
imagen AFP - In the heady days of the US real estate boom, it seemed like a safe bet to use her house as collateral for a loan. Today, Sharon Edwardsen risks losing her Staten Island, New York home, trapped by spiraling payments. [read more]
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The Mother of All Bubbles

digg search, 03/14/07 01:57 PM
The increasing number of foreclosures as well as the nosediving sub-prime market signal that the gigantic housing bubble is headed for the high-tension wires. What we are facing in the near term is additional job losses, decreasing home equity, and bigger and more devastating gyrations in the... [read more]
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