Author: Zandar1

As with Wednesday’s post that was the first real admission by the financial media that the systemic nature of the derivative crisis is looming above us all like Damocles’ sword, we’re starting to see more...

There comes a point where in any crisis, one of the principals finally gets around to admitting the actual root of the problem after months and sometimes years of ignoring it publicly.  The media finally starts reporting on...

March numbers are out for wholesale prices and forclosure numbers, and they are dismal indeed.  The foreclosure numbers show yet another increase in foreclosures. U.S. foreclosure filings jumped 57 percent and bank...

I don’t often write more than once a day on the subject of the global financial crisis, but this article is worth a post by itself. This weekend the NY Times posted a staggering article: “Housing Woes in U.S. Spread...

Another unstable week on Wall Street opens up.  First quarter profit numbers continue to disappoint across the board, showing just how widespread the damage from the housing depression continues to be. But the real bad news...