The economy is still in the dumps and likely to get worse. Unemployment is growing, foreclosures are increasing, the stock market is ready to tank, and our debt is skyrocketing. This thread is about the economic reality that we are facing.
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Mortgage delinquencies drag on economic recovery - Yahoo! Finance
ASHINGTON (AP) -- The mortgage crisis is dragging on the economic recovery as more homeowners fall behind on their payments.
Analysts expect improvement soon, but the number of homeowners in default or at risk of foreclosure will have a lingering effect on the broader economy.
More than 10 percent of homeowners with a mortgage had missed at least one payment in the January-March period, the Mortgage Bankers Association said Wednesday. That's a record high and up from 9.1 percent a year ago.
Here is some economic reality..... Defaults and Foreclosures are at a record high.....Sorry folks, the truth is often bitter.
Mortgage delinquencies drag on economic recovery - Yahoo! Finance
ASHINGTON (AP) -- The mortgage crisis is dragging on the economic recovery as more homeowners fall behind on their payments.
Analysts expect improvement soon, but the number of homeowners in default or at risk of foreclosure will have a lingering effect on the broader economy.
More than 10 percent of homeowners with a mortgage had missed at least one payment in the January-March period, the Mortgage Bankers Association said Wednesday. That's a record high and up from 9.1 percent a year ago.
Here is some economic reality..... Defaults and Foreclosures are at a record high.....Sorry folks, the truth is often bitter.
Mortgage delinquencies drag on economic recovery - Yahoo! Finance
ASHINGTON (AP) -- The mortgage crisis is dragging on the economic recovery as more homeowners fall behind on their payments.
Analysts expect improvement soon, but the number of homeowners in default or at risk of foreclosure will have a lingering effect on the broader economy.
More than 10 percent of homeowners with a mortgage had missed at least one payment in the January-March period, the Mortgage Bankers Association said Wednesday. That's a record high and up from 9.1 percent a year ago.
Yup. Lost my job a week and a half ago, though I've got to tough it through next week. I won't make my mortgage on unemployment.
Here is some economic reality..... Defaults and Foreclosures are at a record high.....Sorry folks, the truth is often bitter.
Mortgage delinquencies drag on economic recovery - Yahoo! Finance
ASHINGTON (AP) -- The mortgage crisis is dragging on the economic recovery as more homeowners fall behind on their payments.
Analysts expect improvement soon, but the number of homeowners in default or at risk of foreclosure will have a lingering effect on the broader economy.
More than 10 percent of homeowners with a mortgage had missed at least one payment in the January-March period, the Mortgage Bankers Association said Wednesday. That's a record high and up from 9.1 percent a year ago.
Yup. Lost my job a week and a half ago, though I've got to tough it through next week. I won't make my mortgage on unemployment.
Here is some economic reality..... Defaults and Foreclosures are at a record high.....Sorry folks, the truth is often bitter.
Yup. Lost my job a week and a half ago, though I've got to tough it through next week. I won't make my mortgage on unemployment.
I'm sorry to hear that Kath.
I'm an advocate for cutting loose the teachers who aren't producing and just sucking the government payroll dry, but I have no doubt that you're a good teacher who got the short end of the stick.
I wish you well in the future. Keep your head up.
Eugenics is a debunked theory that was responsible for millions of deaths. You really need to get help if you believe that crap. Seriously.Yup. Lost my job a week and a half ago, though I've got to tough it through next week. I won't make my mortgage on unemployment.
I'm sorry to hear that Kath.
I'm an advocate for cutting loose the teachers who aren't producing and just sucking the government payroll dry, but I have no doubt that you're a good teacher who got the short end of the stick.
I wish you well in the future. Keep your head up.
A great many of the teachers who have been labeled as non productive have been given starting jobs in the inner city ghettos and told that they have to teach the 83 average percentile IQ students to achieve at reading and math proficiency as if they were average IQ students.
Most 83 IQ students can not learn to read above a third grade level. Telling a beginning teacher that they do not measure up when they are asked to do the impossible is cruel and unusual punishment. We should sterilize people with IQ's that low so they do not breed.
Good genes are good genes. MY Great Grandfather was the World famous naturalist Berthold Neubarth. My mother's father was a doctor. Her brother was a doctor. My father was a doctor. My mother was president of her class in college and editor of her school newspaper. Very capable minds usually produce children who are equally capable. I had the highest SAT score in my high school class yet enlisted in the Navy out of high school because we were in the Vietnam War and I wanted to serve.Neubarth is proof that Eugenics works
Eugenics is a debunked theory that was responsible for millions of deaths. You really need to get help if you believe that crap. Seriously.I'm sorry to hear that Kath.
I'm an advocate for cutting loose the teachers who aren't producing and just sucking the government payroll dry, but I have no doubt that you're a good teacher who got the short end of the stick.
I wish you well in the future. Keep your head up.
A great many of the teachers who have been labeled as non productive have been given starting jobs in the inner city ghettos and told that they have to teach the 83 average percentile IQ students to achieve at reading and math proficiency as if they were average IQ students.
Most 83 IQ students can not learn to read above a third grade level. Telling a beginning teacher that they do not measure up when they are asked to do the impossible is cruel and unusual punishment. We should sterilize people with IQ's that low so they do not breed.
Leading indicators drop 0.1 percent in April - Yahoo! Finance
NEW YORK (AP) -- A private research group's index of leading economic indicators unexpectedly slipped in April, its first drop in more than a year and a sign that growth could slow this summer.
The Conference Board said its gauge of future economic activity edged down 0.1 percent last month, the first decline since March 2009. Economists polled by Thomson Reuters had expected a gain of 0.2 percent.
The index is designed to forecast economic activity in the next three to six months.
The decline "suggests a recovery that will continue through summer, although it could lose a little steam," said Ken Goldstein, an economist at the Conference Board.
While the recovery from the recession has spread more broadly through the U.S. economy this spring, a big drop-off in plans to build homes and a debt crisis in Europe may have weighed on growth, discouraging employers from hiring.
The research group also revised its March growth estimate to 1.3 percent, slightly less than the 1.4 percent growth it had previously estimated.
Six of the index's 10 components deteriorated in April. The biggest drags on the index: U.S. residents filed fewer applications to build homes, vendors were slower in delivering supplies to companies, the unemployed filed more claims for jobless aid and consumers' confidence dropped.
Four components improved, including higher stock prices, on average; a sharper difference between overnight and 10-year borrowing costs, historically a positive signal; more hours worked in factories and an increase in manufacturers' orders for capital goods.
WASHINGTON The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The surge is evidence of how volatile the job market remains, even as the economy grows.
Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February.
The total was the highest since new claims reached 480,000 on April 10. It also pushed the average for the last four weeks to 453,500.
Here is some economic reality..... Defaults and Foreclosures are at a record high.....Sorry folks, the truth is often bitter.
Yup. Lost my job a week and a half ago, though I've got to tough it through next week. I won't make my mortgage on unemployment.
I'm sorry to hear that Kath.
I'm an advocate for cutting loose the teachers who aren't producing and just sucking the government payroll dry, but I have no doubt that you're a good teacher who got the short end of the stick.
I wish you well in the future. Keep your head up.
Good genes are good genes.Neubarth is proof that Eugenics works
Alas, boedicca, you do not understand that money spent on the massive welfare state that we have created in the past thirty years is money that is not being spent on infrastructure that would keep our economy strong. The collapsing infrastructure is costing us jobs by the millions.Good genes are good genes.Neubarth is proof that Eugenics works
Could we please leave eugenics out of this discussion and focus on the economy?
Thank you.
More economic Reality.....new claims for unemployment benefits jump. It also pushed the average for the last four weeks to 453,500.
The money supply is shrinking......last time this happened was the last time we had massive government intrusion on the free markets - the Great Depression...The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.
Stimulus failed? No problem!! We'll double down!! Brace yourselves, it is going to get worse........The M3 figures - which include broad range of bank accounts and are tracked by British and European monetarists for warning signals about the direction of the US economy a year or so in advance - began shrinking last summer. The pace has since quickened.
The stock of money fell from $14.2 trillion to $13.9 trillion in the three months to April, amounting to an annual rate of contraction of 9.6pc. The assets of insitutional money market funds fell at a 37pc rate, the sharpest drop ever. "It’s frightening," said Professor Tim Congdon from International Monetary Research. "The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators across the world are pressing banks to raise capital asset ratios and to shrink their risk assets. This is why the US is not recovering properly," he said.
The US authorities have an entirely different explanation for the failure of stimulus measures to gain full traction. They are opting instead for yet further doses of Keynesian spending, despite warnings from the IMF that the gross public debt of the US will reach 97pc of GDP next year and 110pc by 2015.
I doubt that the congress will pass any such stimulus prior to the election. If the Republicans gain control of either house it will have to pass in a lameduck session over GOP filibuster in the Senate which would be a nightmare scenario for the DNC. So while I agree the administration wants to do this they ain't going to be able to do this.More economic REALITY......US money supply plunges at 1930s pace as Obama eyes fresh stimulus - Telegraph
US money supply plunges at 1930s pace as Obama eyes fresh stimulus
The money supply is shrinking......last time this happened was the last time we had massive government intrusion on the free markets - the Great Depression...The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.
Stimulus failed? No problem!! We'll double down!! Brace yourselves, it is going to get worse........The M3 figures - which include broad range of bank accounts and are tracked by British and European monetarists for warning signals about the direction of the US economy a year or so in advance - began shrinking last summer. The pace has since quickened.
The stock of money fell from $14.2 trillion to $13.9 trillion in the three months to April, amounting to an annual rate of contraction of 9.6pc. The assets of insitutional money market funds fell at a 37pc rate, the sharpest drop ever. "Its frightening," said Professor Tim Congdon from International Monetary Research. "The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators across the world are pressing banks to raise capital asset ratios and to shrink their risk assets. This is why the US is not recovering properly," he said.
The US authorities have an entirely different explanation for the failure of stimulus measures to gain full traction. They are opting instead for yet further doses of Keynesian spending, despite warnings from the IMF that the gross public debt of the US will reach 97pc of GDP next year and 110pc by 2015.