Warning: This mess will only get worse (Bill Fleckenstein)

The inevitable demise of the subprime mortgage market leaves the entire housing market -- and with it the economy -- on the verge of collapse.

Unstable, Unbalanced, Uncoordinated, and Unsustainable (Stephen S. Roach)

In uncharacteristically blunt language, China’s Premier, Wen Jiabao, used the occasion of his annual press conference following the conclusion of the National People’s Congress to send a very clear m ...

Who else did the Bush DoJ target? (Kagro X)

As predicted, part of the fallout of the scandal surrounding the political dismissal of U.S. Attorneys around the nation is that every public figure under federal investigation on charges of public c ...

The Prisoner (Danzinger)

Subprime Defaults to Soar, Hurt Lenders, Funds Say (Jenny Strasburg)

``We believe we are in the early stage of a correction in this market and that the market will eventually implode,'' New York-based Paulson & Co., which manages $11 billion, said in a letter to inves ...

Loans From Hell (Bill Bonner)

Like a comically misplaced banana peel, the subprime mortgage industry has slipped up more than a few big names in the housing industry. But as Bill Bonner explains, when the collateral on these loan ...

His Own Worst Enemy (Robert Scheer)

The unctuous owl has hooted again. Only this time, Dick Cheney’s cave has been invaded by the sudden sunlight of judicial and congressional revelations, making him appear more pathetic than intimidat ...

Most investors are heading for huge losses (Mark Faber)

As a keen observer of economic, social and financial trends, I think we are moving toward one of the most fascinating period in economic history. It will also be a time during which most investors wi ...

Next: The real estate market freeze (Bill Fleckenstein)

As a result of the collapse of the subprime mortgage market, lenders will -- gasp! -- once again require down payments, filling the market with unsold homes and driving down prices.

Phony Fraud Charges (New York Times Editorial)

In its fumbling attempts to explain the purge of United States attorneys, the Bush administration has argued that the fired prosecutors were not aggressive enough about addressing voter fraud. It is ...

Damn Right, We're Angry (Paul Waldman)

We can’t deny it any longer. There’s no point in hiding it, no point in trying to explain it away. Yes, it’s true: We progressives are angry. And we no longer care if the centrist, moderate guardians ...