Real Estate Foreclosure Blog
There is a horrifying truth of finance behind the patenting of drugs. Research is carried on in the universities funded by government or tax payer’s money. When the research indicates positive signs the drug companies step in with funds in the final stages when the main creative work is over. In return they take [...]
Many economic experts think that the recession is drawing to a close but the Central Bank is hesitating to say that recovery has replaced recession. The Federal Reserve is not prepared to lend their voices to the talk going all round about the end of recession.
Mark Zandi of Moody’s Economy said, “I think we’re arriving [...]
Basically there are two reasons behind a country wanting its currency to be the international reserve. Firstly is the issue of seigniorage. It means the country issuing the currency is in reality borrowing without paying interest. All the central banks earn this seigniorage from issue of currency. In essence it is the citizens who are [...]
We are taught that there is balance in the world with the good cancelling evil that assets are the same as liabilities and in short life is a ball. But in reality that is not. There are imbalances in the financial world and it is finances that determine the social picture. [...]
The houses that Madoff once owned – the luxury mansions are poised to hit the market. It is anybody’s guess what the selling price would be. Modoff’s real estate to the tune of $22 million is ready to be sold. Those who had been victimized and cheated by Madoff are expecting [...]
Recently found court papers show that it pays business interests in the world of medicine to push therapy by publishing papers written by ghost-writers. The latter were generously remunerated by a pharmaceutical company in writing 26 so-called scientific articles supporting the use of a therapy of hormone replacement applicable to women. The revelation indicates the [...]
Banking analyst Richard Bove says economy is responsible for the closure of 600 branches of Bank of America. The banks are not viable anymore and hence they will be closed. Bove says that Bank of America will close the branches as they are running at a loss. According to a report, the bank may shut [...]
The economy is showing signs of a turnaround and waiting anxiously for the consumers to start spending. The job market however remains weak and the debt index high.
The good news is that stocks have rapidly revived jumping by 47% from the lowest mark in the first week of March this [...]
Real Estate Foreclosure Blog