Conrad Debt Chart

Reuters reports today that January unemployment rates increased in 363 US metro areas… and nearly 200 of them had rates exceeding 10 percent. The unemployment freight train has perhaps found the brakes, but it’s nowhere near coming to a stop. Read more…

The law of supply and demand is trumping the homebuyer tax credit. The glut of housing we mentioned on Tuesday is making itself evident with this news: The number of mortgage applications fell 1.9% last week. Both new purchases and refinances are down. At this rate, Congress could repeal the homebuyer tax credit today, instead of…Read more…

There are those (me) who think that the International Monetary Fund (IMF) is a huge load of worthless, corrupt crap, not only because their dismal record pretty much shows that they are miserable failures, but because that is the way things always end up when someone is given power and money in huge amounts, or…Read more…