The Federal Reserve Bank of Chicago’s Bill Testa asks if Chicago’s economy has lost its economic mojo.

Has the Chicago area lost its mojo? Given the poor economic conditions pervading so many regions of the United States, Chicagoans are not alone in asking whether their path of growth and development has gone off track.

H/T to Aaron M. Renn a/k/a The Urbanophile.

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Mortgage foreclosure training for judges and attorneys is scheduled for next week in Northwest Indiana.

From the Indiana Lawyer:

The Indiana Supreme Court has announced its second training session for attorneys, judges and mediators to learn how to handle foreclosure cases, including through pro bono representation. A one-hour CLE, “The Perfect Storm: Foreclosures Leave Many Adrift,” will be at 5:30 p.m. March 18 at Jedi’s Restaurant, 444 Ridge Road, Griffith.

Writes the Indiana Supreme Court:

The Indiana Supreme Court is continuing its campaign to help stem the mortgage crisis through pro bono representation with a training session in Lake County.

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How long will the recession last?

Some questions to discuss:

Have we hit the bottom yet?

Has the banking system stabilized?

How will increasing unemployment affect any recovery plans?

Will the housing market improve?

How do we fix this mess?

Here’s one view on how long the recession will last:

Video: Nouriel Roubini on how long the recession will last

Links: Nouriel Roubini’s blog and Nouriel Roubini’s homepage.

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The Crisis of Credit Visualized

By Jonathan Jarvis


The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

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