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The Housing Market Is Experiencing ‘Dangerous Foreclosure Flare-Ups’

The Housing Market Is Experiencing ‘Dangerous Foreclosure Flare-Ups’

Mamta Badkar | Mar. 14, 2013, 8:15 AM | 4,736 | 16 Reuters February foreclosure filings increased two percent month-over-month (MoM) in February, according to the latest foreclosure report from RealtyTrac. These include default notices, auctions, and real estate owned (REOs) properties. But filings were down 25 percent from a year ago.  [Continue]

Denial Is Not Just A River In Egypt: 10 Hilarious Examples Of How Clueless Our Leaders Are About The Economy

Denial Is Not Just A River In Egypt: 10 Hilarious Examples Of How Clueless Our Leaders Are About The Economy

 By Michael, on March 13th, 2013 They didn’t see it coming last time either.  Back in 2007, President Bush, Federal Reserve Chairman Ben Bernanke and just about every prominent voice in the financial world were all predicting that we would experience tremendous economic prosperity well into the future.  In fact, as late as January 2008 [Continue]

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

     By Michael, on March 11th, 2013 How would you describe an industry that wants to put more Americans in prison and keep them there longer so that it can make more money?  In America today, approximately 130,000 people are locked up in private prisons that are being run by for-profit companies, and that [Continue]

Russian Navy Starts Forming Mediterranean Task Force

Russian Navy Starts Forming Mediterranean Task Force

Russia Starts Forming Mediterranean Task Force © RIA Novosti. Vitaly Anjkov 20:39 11/03/2013 Originally posted at 17:49. MOSCOW, March 11 (RIA Novosti) – The Russian Navy has begun setting up a permanent task force to defend Russia’s interests in the Mediterranean, Navy Commander Adm. Viktor Chirkov said Monday. “The defense minister has [Continue]

Billionaires Dumping Stocks, Economist Knows Why

Billionaires Dumping Stocks, Economist Knows Why

  Wednesday, 06 Feb 2013 01:59 PM By Newsmax Wires Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an [Continue]

The Dow Hits An All-Time High! Translation: A Bubble Is Always Biggest Right Before It Bursts

The Dow Hits An All-Time High! Translation: A Bubble Is Always Biggest Right Before It Bursts

By Michael, on March 5th, 2013 Reckless money printing by Federal Reserve Chairman Ben Bernanke has pumped up the Dow to a brand new all-time high.  So what comes next?  Will the Dow go even higher?  Hopefully it will.  In fact, it would be great if the Dow was able to hit 15,000 before it [Continue]

Russia carries out its ‘biggest nuclear army drill in two decades’ as Pentagon plays down its concerns

Russia carries out its ‘biggest nuclear army drill in two decades’ as Pentagon plays down its concerns

Russian nuclear forces tested transport of strategic and tactical weapons The Pentagon has said that the tests were just ‘routine’ But the exercise comes as the US Defense could face further budget cuts By STEVE NOLAN PUBLISHED: 12:19 EST, 5 March 2013 | UPDATED: 12:36 EST, 5 March 2013   Russia has conducted an exercise [Continue]

The Last Time The Dow Was Here…

The Last Time The Dow Was Here…

Submitted by Tyler Durden on 03/05/2013 – 09:36 “Mission Accomplished” - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market [Continue]

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