There’s a 13% Chance You’re Not Making Your House Payment
Thursday, May 28th, 2009
Remember the Housing Bubble and the gazillion bullshit mortgages that caused the entire global economy to collapse and send us into a terrible World Depression? It’s still going down! The housing crash, that is — one in eight homeowners is now either in default or in foreclosure, a new record! MORE »











Bob Dylan’s got a new record coming out next month, and you should be terrified. Yes, the dude continues to make great music, but his past two studio albums were also Harbingers of Doom. Love and Theft was about
PRELUDE TO THE APOCALYPSE: Ha ha, your editor told New York magazine how he would have a quiet vacation after the election,
In good news, oil is back to September 2007 prices. (In bad news, gas was still $3 a gallon then, so, uhh …) WHAT DOES IT MEAN. It means the numbers are finally coming in to back up the gloom. Nobody in the stores, no demand for gasoline as people have no jobs, no money, and use their car as a “rusty tent.” So, we’re back to Black Friday territory, from last week. DON’T EVER LOOK AT YOUR 401(k) AGAIN.
Happy Monday, America! Wall Street is doing great, so far, this morning. The Dow Jones index is down
Yikes! The markets are closed and so are you. The Dow ended down 373 — more than 3% — and the S&P 500 dropped nearly 4%. But there’s good news if you are, say, a Saudi Prince: Oil shot the hell up by $16 a barrel, the
So you know how the Fed “bailed out” AIG with $80+ billion and now everything is okay? Right, it’s not okay at all. The $80+ billion allows the failed insurance giant an
We seem to be having some