Sales of Existing Homes Decline to 10-Year Low; Median Price Tumbles...
Foreclosure filings surge 55%...
Banks borrow more from the Fed...
U.S. Inflation Hits 17-Year High: As Increases Move Beyond Food, Oil: U.S. inflation soared to a 17-year-high annual rate in July, a government report showed, led by gains in food, energy, airline fares and apparel.
Home foreclosure filings up 55 percent in July: U.S. foreclosure activity in July rose 55 percent from a year earlier as a slump in once-sizzling housing markets forced yet more borrowers to default on their mortgages, according to a monthly report.
The outrage in your credit card's fine print: Americans have now racked up nearly $1 trillion in credit-card debt. As housing equity shrinks and costs rise, agencies such as Moody's report swelling numbers of accounts with balances three or more payments past due. Reinforced by abusive industry practices, the plastic safety net is becoming a permanent cage.
How To Conceal Massive Economic Collapse
LA House Prices Down 30% From 2007
Pound Sterling Slumps To 12 Year Low
UK House Building Reservations Down 45%
Eurozone Economy Shrinks First Time Since 90s
20,000 More UK Jobs Vanish In One Month
Wall Street Banks Hit By Downgrades
Merrill - Credit Crisis Is 'Broad, Deep, & Global'
Subprime Losses Top $500B - Much More Ahead
US Losing More Than Oil With Georgia Debacle
Banks Subprime Losses Exceed $500 Billion
Fed Auctions Another $25 Billion In Loans
Foreign Investors Weary Of US Junk Paper
UBS Writes Down Another $10 Billion
UK Inflation Surges To 15 Year High
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