Credit Repair

Chicago and the Causes of the Great Recession

Great Recession happened in December 2007, where millions of people lost their job, house prices going down, people started looking at how to fix your credit, and economies went downhill. But did you know that some recession proof industries not just survived but somehow thrive during those unfortunate times compared to the negative impact it …

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Are We Headed for a Credit Market Crash?

In a series of speeches, Federal Reserve Governor Jeremy Stein emphasized the importance of financial stability concerns in monetary policy-making. But how does one measure whether threats to financial stability are lurking? Put differently, can we know that there is a credit bubble about to burst? In his speeches, Stein cites the work of two Harvard Business School …

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Investors Pulling Back — What Happens to Housing Now?

Bill McBride at calculatedriskblog.com (a must read in the economics blogosphere) has been doing some fantastic posts on the abrupt pull-back by investors in the U.S. housing market. They were very aggressively buying homes in depressed markets from 2010 to 2012 thanks to their relative wealth and ability to achieve good credit, but the excitement is now …

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