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Everyone remembers before the recession how things were. There were people who would show how much money they could spend running rampant. Most of those people have been silenced by the recession as everyday average Americans have grown tired of extravagance.
So here are a few …

Today the Consumerist posted a video from Jonathan Jarvis called “The Crisis of Credit” that shows what happened to the economy because of the loose credit markets.
It’s not only informative, but it’s also entertaining. I recommend this video to anyone who wants another view …

The IMF warned today of another Great Depression. After looking back at the Great Depression I just can’t see it happening.
In the 1920′s and 30′s depression, the government didn’t intervene before it was too late. Now, our government has taken many steps to stave …

The Dow Industrial Average fell another 500 points today ending at below 9,500 points.
Like a broken record, the news is reporting that the fall in the markets is due to credit worries. Now the credit crisis has seeped into foreign markets.
The S&P financial sub-index …

The global central banks as well as the U.S Federal Reserve, attempted to pour hard cash into the markets today to ease the current credit crisis. While this had a short term rally on US Indexes(nearly everything ended up across the board today), consumers and …