Dr Powerfun
03-16-2010, 07:55 PM
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15 Reasons the Claim “A Second Depression Is No Longer A Possibility” Is Dead Wrong
Detailed list at thebusinessinsider.com (http://www.businessinsider.com/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong-2010-3#1-new-home-sales-are-plunging-1)
The Quick List
#1 New home sales are plunging
#2 Overdue mortgages are ON THE RISE
#3 One in four homes are underwater
#4 Adjustable rate mortgages are about to reset... again
#5 Consumer confidence is DECLINING
#6 Commercial real estate will be the next shoe to fall
#7 CRE loans are souring VERY fast.
#8 Now real estate lending has flatlined
#9 The real estate crisis is still devastating small and mid-size banks
#10 Then there's the OBSCENE growth of the national debt
#11 We're handing out debt so fast no one can afford to buy it... except for ourselves
#12 It's not just America... the entire global economy has slowed
#13 The global economy is getting worse... get ready for a whole wave of Greeces
#14 Our oldest trading partner, Europe, is about to cut back severely
#15 Many top finance gurus are warning of THE END (http://drpowerfun.webng.com/audio/ITEOTWAWKI.wma)
http://i43.tinypic.com/28iaps9.gif
15 Reasons the Claim “A Second Depression Is No Longer A Possibility” Is Dead Wrong
Detailed list at thebusinessinsider.com (http://www.businessinsider.com/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong-2010-3#1-new-home-sales-are-plunging-1)
The Quick List
#1 New home sales are plunging
#2 Overdue mortgages are ON THE RISE
#3 One in four homes are underwater
#4 Adjustable rate mortgages are about to reset... again
#5 Consumer confidence is DECLINING
#6 Commercial real estate will be the next shoe to fall
#7 CRE loans are souring VERY fast.
#8 Now real estate lending has flatlined
#9 The real estate crisis is still devastating small and mid-size banks
#10 Then there's the OBSCENE growth of the national debt
#11 We're handing out debt so fast no one can afford to buy it... except for ourselves
#12 It's not just America... the entire global economy has slowed
#13 The global economy is getting worse... get ready for a whole wave of Greeces
#14 Our oldest trading partner, Europe, is about to cut back severely
#15 Many top finance gurus are warning of THE END (http://drpowerfun.webng.com/audio/ITEOTWAWKI.wma)
http://i43.tinypic.com/28iaps9.gif