• Click to enlarge!
Wonder why bankers are cranky — or seeking bailouts or going out of business?
Here’s what the Big Orange Index — a collection of three dozen markers of the local economy by me, Register columnist Jon Lansner — has to say about how locals are baying their bills. The Big O’s banker index this autumn tumbled to a worst-ever low not seen in its two decades of data …
Worst pay rate in Big O’s two decades of data. This could be a low point — temporarily — as government actions to slow foreclosures may stem the tide. Recent uptick in property taxes a good sign.
The Big O banker index — tracking everything from foreclosures to bankruptcy to unemployment — is one of six niche indexes that comprise the overall Big O. That big index fell for the 7th consecutive quarter this autumn …
Need more convincing? See the chart! That’s 20 years of the Big O banker index. Not pretty!
… and CLICK HERE to read my full Big Orange analysis!
And in other news…
- 8 million foreclosures seen through 2012
- When banks fail
- Retirement savings jeopardized, say former bank managers
- Speedy mortgage payoffs could cost you
- 30-year mortgage at 37-year low
- CA banks drop protection against bad loans
- Mortgage aid scheme a failure
- Bad house, car debts mount in O.C.
- 44% of O.C. home resales were foreclosures
- O.C. home seizures in free-fall
- The next mortgage crisis
- O.C. distressed-home listings take year’s biggest drop
- One way to tackle foreclosure eyesores
max out youy credit cards then send them, oh yull let them be chargeoffs it will help yhe econmy