What would you do if someone foreclosed on your home? If suddenly you and all your possessions were out on the street with a bank account depleted from trying to make mammoth mortgage payments, where would you go? An estimated 6 million families could be facing this question in the next three years, with nearly [...]

SOUTH BEND, Ind. — Mercy James thought she had lost her rental property here to foreclosure. A date for a sheriff’s sale had been set, and notices about the foreclosure process were piling up in her mailbox.Ms. James had the tenants move out, and soon her white house at the corner of Thomas and Maple [...]

They hoped for 10,000, but in the end more than triple that number turned out on London’s streets for the biggest demonstration since the beginning of the economic crisis. The Put People First march yesterday was organised by a collaboration of more than 100 trade unions, church groups and charities including ActionAid, Save the Children [...]

Billionaire investor Gorge Soros has said the G20 summit will be a “make or break” event for the world’s economy.In a BBC interview, Mr Soros said the international financial system had collapsed because it was flawed and it had to be restructured.Mr Soros say it may be the last chance to prevent a full-scale depression.He [...]

ANTHONY BARTKEWICZ, MyFox National- Many say a depression doesn’t have to be great, that the economy can sink into a milder depression. The Salvation Army says it’s happening now, and in San Diego County, people are standing in line outside a Salvation Army waiting for donated bread. Salvation Army director of communications Suzi Woodruff Lacey [...]

The coming week will be interesting to watch. The G20 meeting in London comes with a threat of exploding protests in the streets. There’s also the threat of deepening rifts between the Anglo world and continental Europe. Czech EU president-of-the-day Mirek Topolanek, whose government had dissolved the day before, felt free to speak his mind [...]

Note: Of course these figures are not even close to the real unemployment numbers. Another stat : 40% of the births in 2007 were to unmarried women! (Total 4.317 million births) Eleven states posted unemployment rates above 10 percent in February, as Georgia is inched toward the double digits, according to seasonally adjusted figures released [...]

That headline might seem facetious but just a month ago we heard the exact opposite conjecture about a spike in the Baltic Dry Index and all that it “implied”. I call this “thesis” trading… hedge funds, traders, and pundits seize upon any glimmer of hope – any atypical data point that does not agree with [...]

Note: The graph on the left is a possible STOCK MARKET scenario (not by Jim Sinclair) that will occur this summer. The individual who has produced this graph, has been right on for YEARS. TimeWave ZeroProfessor James Galbraith was interviewed early this morning on the Geithner plan for the purchase of toxic assets. This interview [...]