Recession is Over? GMAC Mortgage freezing foreclosures!

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Uploaded by on Sep 21, 2010

Video commentary about the latest news including the NBER declaring the end of the recession, the U.S. becoming less appealing to investors, GMAC Mortgage freezing foreclosures and rising unemployment for 55 over workers. Will older unemployed workers ever work again?

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Jim Rickards: The Dollar is Collapsing
http://demcad.blogspot.com/2010/09/jim-rickards-dollar-will-collapse.html

Recession ended in June 2009: NBER
http://news.yahoo.com/s/nm/20100920/bs_nm/us_usa_economy_nber#mwpphu-container

Revise
http://www.housingwire.com/2010/09/20/nber-recession-officially-ended-in-june...

Census: Recession put 1 in 7 Americans in poverty
http://www.philly.com/dailynews/national/20100917_Census__Recession_put_1_in_...
Watch sports videos you won't find anywhere else

Ally's GMAC Mortgage Halts Home Foreclosures in 23 States
http://www.bloomberg.com/news/2010-09-20/gmac-mortgage-halts-home-foreclosure...

Nevada unemployment rises to all-time high 14.4 percent
http://www.lvrj.com/business/nevada-s-unemployment-rises-climbs-to-14-4-perce...

For the Unemployed Over 50, Fears of Never Working Again
http://finance.yahoo.com/focus-retirement/article/110742/for-the-unemployed-o...

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Uploader Comments (DEMCAD)

  • cant wait to be on the air with you tonight DEMCAD. Should be a great show. We have so much to talk about.

  • @pulsescan72 I'm on Skype, too.

Top Comments

  • It's been a year since the so called end of the recession and the jobs still having come back. And yes, we are losing jobs. You have to add 100,000 just to break even with population grow.

  • @skyding8962 "OK, but there isn't an economist in this world that uses that as a measure since jobs usualy come back AFTER a recession."

    LOL. I don't care what economists say! Why would anyone learn to them?! They've been wrong about everything! They didn't even see the recession coming, so why would I care what they think?

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All Comments (205)

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  • the recession is only over for the few superrich.

  • People, it's going to go down down down, Flat, flat "BOOOOOOOM!!!!!" Off a major cliff!

    We're f'd!

    Or, they are going to declare a do over with the entire world! hahaha..

    "Ok, no one owes anyone anything!" "Do over!"

  • @DEMCAD Wrong over 8 million jobs have been lost, just to get to pre-recession levels you have to create 300,000 jobs every month just to get to pre-recession levels of 2007. GUESS WHAT? not going to happen.

  • Hey Demcad, I am to the point that many of the banks are not practicing with honest concerns for their consumers. And that alone was enough cause for the government to intervene in matters like this. What is more troubling is they are not. It is strange that there is a Car Czar but not a Home Czar? Millions of people are losing their homes, millions homeless but the hundred thousand jobs of the car companies was more then enough to rate presidential attention. Something is seriously not right?

  • what's that white stuff growing on his ear????

  • dont you know demcad the recession did end in 2009.........and the depression began.

  • I have renamed the GOP Pledge to America to "Plague On America." God help us all if the Republicans gain control of the House and Senate

  • What's the white powder on your ear lobe?

  • @fsoiberg People cannot get a fair and impartial hearing according to law either when they are being evicted nor when they are being foreclosed upon. There is a scam with the Clerks of the Courts in the County where the foreclosures are taking place. I am trustor of the real estate division of the Bank of America. There is just a series of frauds related to fraudulent records of my DEATH and the US attorneys including DHS Janet Napolitano with REITS by marriage partner 30 years ago. INDICT OBAMA

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