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Latest Economy Brief
Posted 27th May 2009 at 05:53 PM by mdetrini
Updated 28th May 2009 at 05:07 PM by mdetrini (Highlighting)
Updated 28th May 2009 at 05:07 PM by mdetrini (Highlighting)
Hello all,
The lastest phase of the nation's real estate disaster, the locus of trouble has shifted from subprime loans to the far more numerous prime loans: those taken out by borrowers with a good credit rating.
Economist are anticipating a rise of unemployment from our current level of 9% to the low double digits. As a result foreclosures are expected to accelerate. Morris Davis a real estate expert at the Univ of Wisconsin said this "Foreclousres were bad last year? It's going to get worse."
Well so much for any good news eh?
Well I like to believe and it has been my experience that with change even as bad as we are experiencing, good can come. This is not to say that we should not be saving, cutting back on our debt, and increasing our income possibilities. (though I would not advocate asking or demanding a raise, just yet anyway). Even so there are opportunities out there that can give us more income. I have prepare a relatively small synopsis on my web site. If interested please stop by and check it out.
the link is http://www.tak-charge.com
Cheers!
and see you soon!
The lastest phase of the nation's real estate disaster, the locus of trouble has shifted from subprime loans to the far more numerous prime loans: those taken out by borrowers with a good credit rating.
Economist are anticipating a rise of unemployment from our current level of 9% to the low double digits. As a result foreclosures are expected to accelerate. Morris Davis a real estate expert at the Univ of Wisconsin said this "Foreclousres were bad last year? It's going to get worse."
Well so much for any good news eh?
Well I like to believe and it has been my experience that with change even as bad as we are experiencing, good can come. This is not to say that we should not be saving, cutting back on our debt, and increasing our income possibilities. (though I would not advocate asking or demanding a raise, just yet anyway). Even so there are opportunities out there that can give us more income. I have prepare a relatively small synopsis on my web site. If interested please stop by and check it out.
the link is http://www.tak-charge.com
Cheers!
and see you soon!Total Comments 1
Comments
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Reviewing content.Posted 28th May 2009 at 05:08 PM by mdetrini
