Boom2Bust.com
Blog URL http://www.boom2bust.com
Tags economics, finance, investing, financial crash, financial crisis, economic crash, economic crisis, economy, US economy
"The Most Hated Blog On Wall Street," Boom2Bust.com is an independent financial blog that seeks to warn and educate its readers about the coming U.S. financial crash.
Latest Blog Posts
- Almost 1 In 4 Mortgages Now Underwater on Nov 25, 2009 in Delinquencies Foreclosures Home Prices Homebuilders Homeowners Housing Mortgages default notice distressed homeowners First American CoreLogic home sales home starts housing boom housing bottom housing market housing rebound housing recovery housing starts housing supply mortgage applications underwater mortgages
While I was driving back and forth all over the Chicagoland area today, the local radio stations were talking about rising home prices, increased home sales, and the beginning (even continuation) of a housing recovery. Some people must be buying into...
- AP Calls Obama Out On ‘Core Strengths’ Statement on Nov 25, 2009 in 2008 Election Economy Education Obama Administration Politicians President Bush Barack Obama core strengths George W Bush John McCain President Obama workforce
Today I came across an Associated Press piece that called President Obama out for something he said about the U.S. economy earlier in the week, yet mocked an opponent for saying in the 2008 presidential election. Funny stuff. From the AP last night:...
- Is Washington Completely Out Of Touch With Main Street? on Nov 25, 2009 in 2008 Election Advisers Bureaucracy Depression Economy Employment Housing Local Government Main Street Obama Administration Political Parties Politicians President Bush Recession Social Unrest State Government U.S. Government U.S. Treasury Dept. Unemployment Wall Street Alan Greenspan Ben Bernanke Democratic Party Democrats economic policy Henry Paulson Larry Summers Lawrence Summers Obama advisers partisanship Republican Party Republicans Sherrod Brown Timothy Geithner Warren Buffett Washington housing
I’ve got an idea the following Huffington Post piece might very well describe how a number of Americans feel right now about our elected officials in Washington. From Post contributor Don McNay last night: Can you hear me calling you? -Mike and The...
- FDIC Says 552 Troubled Banks At End of Third Quarter on Nov 25, 2009 in Banking Crisis FDIC Financial Sector bank assessments bank deposit insurance bank depositors banking industry banking sector banks deposit insurance fund distressed banks Federal Deposit Insurance Corp problem bank problem bank list troubled banks
The troubled bank tally keeps getting worse. MarketWatch’s Ronald D. Orol wrote today: The number of distressed banks in the U.S. rose to the highest level in sixteen years in the third quarter, and the insurance fund used to protect bank depositor...
- Lawmakers Propose ‘War Surtax’ To Pay For Afghanistan Troop Increase on Nov 24, 2009 in Afghanistan Congress Middle East Military Politicians Rich Americans Taxes War Carl Levin David Obey graduated tax US troop increase war surtax
Seems like there’s always some new tax being proposed these days. And now, two politicians are talking about making Americans pay a “war surtax” for expanding the conflict in Afghanistan. Mike Emauel wrote on the FOX News website yesterday:...
- Mexicans Send Money North To Relatives In U.S. on Nov 24, 2009 in Employment Immigration Mexico Unemployment Wages Mexican immigrants Mexican migrants migrant communities migrant money remittances reverse remittances
We’ve all heard the story. An immigrant comes to America, finds work, and sends most of his wages back home to his family. However, by the fall of 2007, it was becoming clear something was changing. From the New York Times’ Elisabeth Malkin back...
- Politicians, Handguns, And Hypocrisy In The Windy City on Nov 23, 2009 in Class Warfare Crime Guns Local Government Politicians Public Safety Self-Defense Chicago Chicago City Council Chicago City Hall Chicago government Chicago gun laws Chicago handgun ban Chicago politicians handgun owner handgun ownership
Elected officials and hypocrisy often go hand-in-hand it seems. Especially in the Windy City, where I live. And their continual insistence on “do as I say, not as I do” extends to the handgun debate here in the city of Chicago. Despite a municipa...
