I was surprised to learn on Wikipedia's In the News section, on the front page, that Washington Mutual has collapsed. Apparently the FDIC took over the bank earlier in the week when it had learned that customers had removed nearly $17 billion in assets in the previous week after WaMu's credit rating had been downgraded considerably ( Read more... )

Allot of people are wondering why crude oil is trading at $114 and continually climbing in price and why gas and fuel prices are rising as a result ( Read more... )

So everybody is talking recession after the lastest round of government issued "economic indicator" numbers were released last week. And I wasn't surprised. And I should say, I've known about the recession since 2005 when the house market started to crumble across the country, particularly when one of the blogs I read had been warning its readers ( Read more... )

The past few days the world stock markets have been shaken by fears of economic recession in the US, well its been clear for me that a recession was near, mainly because Target began implementing new policies to save money and to get more done in the same time about the same time when they had inflation adjusted their prices (every January). So ( Read more... )