RBS Issues Dire Bond and Equity Warning…DIVE, DIVE…

(From NakedCapitialism blog….)
Ah, just when you thought it might be safe to venture into the markets again, RBS sends out a red alert, warning private clients to prepare themselves for a full fledged rout in equities and bond markets in the next three months, with the S&P losing 300 points, or nearly a quarter of [...]

Mortgage Interest Rate Resets To Increase…

WASHINGTON (Reuters) – The current national housing crisis will continue to cause disruptions in the economy as interest rates increase on more mortgages and more home loans fail, the top U.S. housing policymaker said on Thursday.
“We know that much of this issue is still in front of us,” Steve Preston, secretary of the Department of [...]

Why This Recession/Slowdown Might Last 5 or More Years…Keeping Rates and Home Prices Down

Whether the national economy is technically in a recession  is a subject of ongoing debate — businessman and billionaire Warren Buffett, for example, recently said he believes the U.S. is already in a recession. The National Conference of State Legislatures recently concluded that some states’ fiscal situations have deteriorated so much that they appear to [...]