US house prices rose in July but US consumer confidence unexpectedly fell in September as Americans with worry about future incomes
Paula Zuba
Sep. 29, 2009

Home prices rose by 1.6 per cent from June to July, according to the closely watched S&P/Case-Shiller index. The Conference Board’s index of consumer confidence slid to 53.1 this month from 54.5 in August.

The $8000 tax incentive helped stabilize the real estate market. But it will end in November when the chill in the home market will resurface with increased vigor.

The real indicators come from unemplument and increasingly from underemployment. That is what says that a deep depression will create havoc in US and European economies in 2010-2012.

US house prices rose in July but US consumer confidence unexpectedly fell in September as Americans with worry about future incomes
Paula Zuba
Home prices rose by 1.6 per cent from June to July, according to the closely watched S&P/Case-Shiller index. The Conference Board’s index of consumer confidence slid to 53.1 this month from 54.5 in August.
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FDIC is almost broke - looks for $45 billion from US Banks
Fred Day
The FDIC staff said on Tuesday that the costs of future bank failures from 2009 to 2013 has risen to about $100 billion. It has only $10 billion now!
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America greener for the rich and hard for the middle class - US income gap widens as poor take hit in recession
Salina Zorab
The wealthiest 10 percent of Americans — those making more than $138,000 each year — earned 11.4 times the roughly $12,000 made by those living near or below the poverty line in 2008...
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Democrats force the public option - it would be a government-funded, government-run health care option, similar to Medicare
Tania Solanki
The Democrats in the House and the Senate are in trouble. On one side some of them well oiled by the special interest money from the Insurance companies....
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Government plans intense tracking of mass Swine Flu vaccination – what are the known side effects?
Paula Hopkins
The government is starting an unprecedented system to track possible side effects as mass flu vaccinations begin next month. Reported local adverse events, or side effects occurring ...
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The slowdown in health care reform will cost Democrats big in the next election - Obama resumes health care push – may be too late too little
Tania Solanki
Many Democrats have been influenced by the insurance industry lobbyists; and the special interest groups have spent no less than 100 billion dollars in Washinton DC to keep the status quo.
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G20 accounts for 85% of the world economy – can it really stop the coming depression of the millennium?
Paula Zuba
The worldwide economic depression is effect of uncontrolled debt – an American phenomenon designed to bring so called false hope of American dream to every one who believes in fairy tales in real life.
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Federal Reserve under pressure from Congress to disclose identifying borrowers from its regular lending programs
Fred Day
Rep. Barney Frank (D., Mass.), chairman of the House Financial Services Committee, said the central bank's loans and securities transactions should be disclosed, with a lag to avoid a short-term influence on financial markets.
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