America’s Middle Class Crisis: 15 Sobering Facts

Two recessions, a couple of market crashes, and stubbornly high unemployment are all wreaking havoc on America’s middle class. In the accompanying interview, The Daily Ticker’s Aaron Task discusses the state of the middle class with Sherle Schwenninger, director of economic growth and American strategy programs at the New America Foundation. Schwenninger’s recent report “The […]

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An American Dream, A Jewish Nightmare

by Prof. Steve Hochstadt A new internet cartoon is capturing public interest by explaining the sources of our worldwide financial distress. Using a clever South Park format, “The American Dream” reveals the hidden enemies of naive Americans, and others around the world, who yearn for financial independence – the US Federal Reserve and all national […]

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Homeowners Say Loan Mods Led Them to Foreclosure

LOS ANGELES (AP) – Some struggling homeowners say they’re being unfairly foreclosed on despite making all their payments under trial mortgage modification programs. They equate that to mistreatment by banks who agreed to help borrowers when they took part in the government’s $700 billion Wall Street rescue. Attorneys in California, Kentucky, Massachusetts and other states […]

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Home Prices Double Dip in “Sudden Dramatic Drop”; 20% More to Come

TRUCKEE, Calif. – Clear Capital , is issuing this special alert on a dramatic change observed in U.S. home prices. “Clear Capital’s latest data shows even more pronounced price declines than our most recent HDI market report released two weeks ago,” said Dr. Alex Villacorta, senior statistician, Clear Capital. “At the national level, home prices […]

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