Random Feed wrote an interesting post today on
Here’s a quick excerpt
Barrie McKenna Globe and Mail.com Thursday, Oct. 15, 2009 JPMorgan Chase & Co.’s fat investment banking profit masks a dark underside of the U.S. recovery – the housing market is still a mess and homeowners are defaulting at an alarming rate. Heralding what’s in store for other major banks, JPMorgan reported almost $3.6-billion (U.S.) in profit in the third quarter – a stunning 580-per-cent surge from the same quarter last year – cementing the perception that banks are emerging s

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
Ockham Research submits: Residential real estate site Zillow.com released a discouraging report on the future of the housing market in the United States. The web site compiles information regarding home prices, mortgage values, tax rates, and other important information and has become a leading authority on residential real estate. Among the findings of Zillow’s analysis is that nearly one-quarter of all U.S. mortgage holders are now underwater on their mortgage loans. Declining home value

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