CHESSNOID

Random Noid Musings

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Posts by CHESSNOID

Job cuts continue to rise

We have had record number of foreclosures this past year.  Now it looks like we are breaking new records in another report.  According to CNN.Money:
“It’s impossible to find any ray of light here,” said ADP spokesman Joel Prakken in a conference call with reporters. “All of the major industries that we record had declines in [...]

Foreclosure inventory indicator of recession bottom

Foreclosures are still on the rise and continue to break inventory records.  The state I live in (California) has been especially hit hard and is still taking major hits every month.
According to CNN.Money:
In some areas virtually all sales are REOs. Four out of every five listings in Stockton, Calif. for instance are foreclosures.
“The traditional market [...]