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Who hasn't heard about how bad the economy sucks. Well now even Vegas where nothing ever hurt it is feeling the pain. A major casino just slashed 40,000 jobs. Let's see their real estate market CRASHED!!! Now their jobs are being slashed. Why didn't it hurt before for Vegas when everyone else was hurting? The local economy is no longer mostly gaming related. There are now regular jobs not casino related that take up a higher proportion of their economy so now Vegas suffers like every where else… Continue

The economic downturn and rising prices is causing more and more people to stop spending. They are taking their money to pay off debts or increase their savings which further stumps any kind of economic recovery. This is according to a study by Reuters and the University of Michigan. However, looking at these gas prices and the higher prices for everything...who can save? The worsening job market, banks reluctance to lend and ridiculous oil prices is causing consumer sentiment to be nothing ros… Continue

It's always easier to ignore the hard things in life. We have already begrudgingly gotten used to gas prices that are over $4 a gallon and normal families losing their homes to foreclosure. Whenever a big event like a big bank goes down then it makes us notice once again that the economy is still really hurting. IndyMac once one of the largest lenders in America was taken over by federal regulators. This thrift bank grew big during the recent real estate boom and specialized in Alt-A no doc or… Continue

As the mortgage crisis continues and more homes are falling into foreclosure, banks are looking at alternate ways to make money. Since the interest rates for home loans are so low and they are getting scrutinized under a microscope, banks are now turning to credit cards as a source of making big income. As more Americans are financially squeezed and turn to their credit cards to pay their bills, the credit card companies are sending out more offers to do balance transfers with a minimum 3% fee… Continue

Before the boom in gas prices, people would buy a home further and further into the suburbs to afford a bigger home and avoid the smog. Now with the onslaught of enormous gas prices, people are now returning to urban cores or finding homes that are closer to their jobs. Sitting an hour in t… Continue