Mortgage Defaults: Many Are Intentional, Study Finds

Posted by Matt in July 8th, 2009 | 2 comments

Published in Financial, Array, Chicago University, Current, Doubt, Economists, European University, Housing Market, Money, Mortgage Defaults, Negative Equity, Northwestern University, University Chicago, University Institute, University Of Chicago

Up to 26% of U.S. homeowners who stop paying their mortgage may be doing so intentionally, not because they can’t make the payments but because they don’t want to put money into a house that’s worth less than what they owe. That finding, from a paper by economists at the University of Chicago, Northwestern University [...]

Russia is a Mess

Posted by Matt in November 25th, 2008 | no comment

Published in Economy, Financial, Russia, Bailout, Capital Flight, Corporate Balance Sheets, Countries, Credit Crunch, Current, Devaluation, Different Ways, Export Earnings, Financial Crisis, Global Economic Crisis, Global Financial Crisis, International Economic Crisis, Metals, Mortgage Defaults, Real Estate Bubble, Russia

Russia and the Global Economic Crisis
Any international economic crisis afflicts different countries in different ways, but an unfortunate few experience every painful dimension of it. In the current crisis, Russia is confronting virtually all the negatives at once–sharply declining export earnings from energy and metals, over-leveraged corporate balance sheets and a chorus of [...]

State of the World’s Future

Posted by Matt in August 18th, 2008 | no comment

Published in Demographics, Energy, Water, general, Armed Conflict, Cereal, Energy Prices, Financial Crisis, Food Crisis, Global Financial Crisis, Global Prospects, Great Depression, Half The World, High Energy, Larry Edelson, Lows, Mortgage Defaults, Root Cause, Social Instability, State Governments, Term Rally, Walk In The Park, War On Terrorism, Water Pollution, World Population, World Wide War

by Larry EdelsonI’ll discuss the state of the markets shortly. First, I’d like to discuss the state of the world’s future.
According to a long-term study just released by the U.S. Naval Services Department, a series of tipping points could dramatically alter the global prospects for economic growth and humanity — for the worse.
Right now, for [...]