UK Credit Crunch Coming

Growing interest rates, utility prices and food bills are forcing consumers to change their lifestyle in the UK, and to start cutting back on their spending.

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April 16, 2008 | Filed Under economy | Leave a Comment 

Foreclosures Jumped Over 50 Percent in Last Year

Over the last 12 months home foreclosure filings surged 57 percent, says real estate data firm RealtyTrac.

Last month the states of Nevada, California and Florida led the way in foreclosure filings, default notices, auction sale notices and bank repossessions. And according to RealtyTrac, the peak has yet to be reached.

One in every 538 U.S. households living in single-family dwellings received a foreclosure filing in March. The single-family dwellings can include condominiums.

April 15, 2008 | Filed Under economy, foreclosure | 1 Comment 

Poll says American Economy tied to Rebuilding Iraq

Economists suggest the U.S. economic downturn is tied between Iraq and the downturn reflects a growing public perception that individual economic anxieties must stem somehow from the unpopular war.

“If we can spend $10 billion a month rebuilding Iraq,” states House Speaker Nancy Pelosi , “we can spend $15 billion a year in our own country to put Americans back to work and strengthen the long-term competitiveness of our economy.”

In a recent poll, 71% agree of Americans say government spending in Iraq is a factor in the economic downturn.

April 15, 2008 | Filed Under economy | Leave a Comment 

The Possibility of the US Dollar Collapse

“This is part of a documentary that was recently on Dutch national television. Americans are living beyond their means and Asia is currently financing that, and the question remains when will Asians/Europeans  stop financing the USA and the bubble bursts?

April 15, 2008 | Filed Under economy | Leave a Comment