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Today I highlight post #400 on this blog, which means a slight diversion from the norm. I think it’s important to look at milestones here and there because one needs to see if they’re sticking to the mission they created when they began something. Let’s take a quick look at a few statistics, shall we? [...]
Is the economy starting to stabilize? Some statistics say yes, some are questionable. I figure one quick way to take a quick pulse reading is to look at bank closures so far in 2011. To date, we’re sitting at 18 banks that have been closed. Last year at this time we had only 16 banks [...]
About two months ago I wrote a post called Cities, Villages, Towns… You’re In Trouble. I was pointing out how the tax base and industries such as housing have tanked so much that many regions across the country were in serious financial distress with no real way to get out of it. At that time [...]
The bad news is that we’re now sitting at 149 banks that have been closed in 2010. That exceeds the 140 banks that were closed last year with five weeks still go to. The good news is twofold. One, no banks closed this week, though this is Thanksgiving week. Two, analysts really believe that the [...]
There have been a few times on this blog when I have stated that my belief is that most of the jobs that were let go in 2008 and 2009 we’re never coming back. I’ve had that confirmed by a news story last week where interviews were done with many CEOs on the subject. However, [...]
Not that we didn’t know this, and not that I’m necessarily repeating myself, but home owners are still facing big problems in this country, as well as the entire real estate industry. A report came out this week saying that only around 5% of home owners have been able to get new mortgages to adjust [...]
The residential real estate market is still in trouble across the country. On Tuesday, the National Association of Realtors released a report saying that 80% of all homes in major cities had home prices fall in the 3rd quarter of the year. They said that more than 30% of all home deals came from “discounted [...]