Bulging Inventory Signals Next Leg Down in Housing "Dr. Death Says The U.S. Is Really, Really Sick." France selling 1,700 buildings to help cut debt: – Fancy setting up house in a French government ministry? Or retiring to a royal hunting lodge? Line up now for a supersize sale of 1,700 properties by the French state, seeking to shed dilapidated, expensive-to-maintain buildings and chip away at the country's record-high debt.
By Mike Whitney
"U.S. home foreclosures reached a record for the second consecutive month in May, with increases in every state, as lenders stepped up property seizures, according to RealtyTrac.Inc. Continue
By Eric Margolis
Nouriel Roubini, who predicted the American crash of 2008. Knick-named "Dr. Death by the media," he warns of grim economic times ahead: deflation; rising unemployment; increased taxes; overcapacity; and negative growth. Continue
Tuesday, 15 June 2010
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