mortgage

The recession in and of itself isn't as important as other economic indicators that show how well people are doing.

Earlier this month, Bank of America (BOA), the country's largest bank, announced a moratorium on foreclosures in all 50 states.

Eight months after President Obama was sworn into office, the foreclosure epidemic is even more dire and no laws have been passed to rein in Wall Street.

A new study conducted by a team of academics reveals that the majority of workers at the bottom of the economic ladder have been shorted on their paychecks as recently as last week.

The U.S. economy may finally be bottoming out. But if the worst is really behind us, we are likely facing a painful period of “growth” that looks very much like the present.