Random Economic Gloom

23 02 2008

Where housing is headed, according to Fortune. And, “Millions who believed the happy talk are now paying the price.

Of the messy bed we’ve made for ourselves, legendary investor Jim Rogers says, “Conceivably we could have just had a recession, but it’s going to be much worse… it’s not a good scene.”

Mortgage crisis spreads beyond subprime.

Vallejo on the brink of bankruptcy.

Might some Wall Street heads roll?

Stern’s Professor Nouriel Roubini says America’s economy risks “mother of all meltdowns.”

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