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Posts tagged as:

job losses

No “green shoots” in employment

by MorganJune 21, 2009 Economy

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Unemployment rose in nearly every state in the nation in May, with many reaching record unemployment levels not seen since 1976. So much for green shoots. If 70% of our economy is driven by consumer spending, and [...]

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As job losses mount, why prop up prices?

by MorganMarch 6, 2009 Bailout

Well the unemployment data is perfectly awful as reported in numerous places. There are some good graphs on CNN Money that highlight the pain. As Fielding Mellish commented the other day (paraphrasing here): why stabilize house prices at a level above what people can actually afford? With people losing their jobs [...]

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A Date with Armageddon**

by MorganDecember 8, 2008 Economy

Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage.
Now here?s a lagging indicator for you: at least a year after the fact, the recession is now known to have began in December 2007. A depression comes next, but since there has been only one in [...]

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