Feb 12 2009
Monthly Foreclosures and the Dreaded Road Ahead: On Path to another 3,000,000+ Foreclosures for 2009. 1 out of Every 173 Homes Received a Foreclosure Filing in California. 8,800 Foreclosure Filings a Day in the United States.
Foreclosures filings in past economic downturns were usually driven by job losses or contractions in the economy. In our current recession we had an interesting dynamic in that many foreclosures were caused by the actual mortgages given to borrowers. This of course spurred the housing bubble but more importantly, positioned a double whammy for our [...]
Jan 8 2009
Economic and Investing Forecast for 2009: 10 Charts Showing no Economic Rebound in 2009.
Today the ADP National Employment Report stated that private sector jobs fell by a much larger than expected 693,000 in December. This report stunned on the downside and is a prelude to the Bureau of Labor and Statistics report which comes out on Friday. The market also suffered its worst one day since early December. [...]
