Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Wednesday September 9th, 2009

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Peak Oil and Energy Related News:

UK Telegraph: Britain Heading to Dark Age as Energy Shortages Loom

Rigzone.com: Why Oil at $200 a Barrel is Likely Just Around the Corner

Whiskey & Gunpowder: US Government Finally Admits Peak Oil is Real

National and International Financial Collapse:

USA Today: National Bankruptcy Filings Up 22% in August Over 2008

Bloomberg: Consumer Credit Contracts by a Record of $21.6 Billion

Wall Street Journal: Is the Outlook Dark Enough for Gold to Glitter?

NY Times: Banks Financially Feasting on Debit Card Overdraft Fees

Commercial Real Estate Collapse:

Bloomberg: Defaults on Banks’ Commercial Mortgage Seen Soaring

San Francisco Chronicle: City's Biggest Landord Swamped by Debt

NY Times: Buyers of Huge Manhattan Complex Face Risk of Deafult

Home Mortgage Market Collapse:

Reuters: Treasury Sees Millions More Home Mortgage Foreclosures

NY Times: Interest Only Home Mortgages Set to Backfire En Masse

Washington Post: Housing Market Faces New Wave of Foreclosures

Most Important Articles from Monday's Update:

Associated Press: 40% of Working Age Californians Now Unemployed

San Francisco Chronicle: Teen Unemployment at 25.5%, New Record

Reuters: More Than 35 Million Americans Now Receiving Food Stamps

Articles from the Last Few Months Worth a Second Look:

Wall Street Journal: Market Sends Defaults on Student Loans Soaring

Bloomberg: Decade of Losses Force Workers in Thirties to Start Over

Macleans: Younger Workers Find They're Caught in a Vortex of Failure

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