The BEST, most Original COMING DEPRESSION website and blog that gives YOU the information you need to comprehend the economic situation in the world today. BOOKMARK this site for regular updates! Email this blog to your FRIENDS AND FAMILY, CO-WORKERS AND NEIGHBORS and ANYONE YOU CARE ABOUT! Be prepared! Be Informed!

Saturday, October 1, 2011

Home Prices Unlikely to Recover Before 2020

Home prices are unlikely to recover before 2020 and mortgage defaults will persist for years, says a survey of bank risk managers out Friday.-No Rise in Home Prices Until 2020: Bankers

Economists Predict Another Recession in U.S

“We are going into a brand new recession. We had about a 2 year expansion and I’m sorry to say, there’s no way out of this, all we do is study recessions and recoveries and we do not make these calls lightly and we are not eager to make them, but when the objective evidence presents to us patterns that are recessionary, we have to call it like it is.”