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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Joan Osland Graffius who wrote (3921)12/27/2003 12:31:29 AM
From: mishedlo  Respond to of 110194
 
Foreclosure numbers soar

vindy.com

Ohio's foreclosure rate has shown comparable increases in five years. Data compiled by the Mortgage Bankers Association show 2.7 percent of all Ohio mortgages issued were in foreclosure in the third quarter of this year, more than double the 1.25 percent rate of the fourth quarter of 1999.

Nearly 3% of all Ohio Mortgages were in foreclosure.
Tell me that is not deflationary.

M



To: Joan Osland Graffius who wrote (3921)12/27/2003 12:38:48 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
More on bankruptcies.
My take....
The trend is just now starting.

bayarea.com



To: Joan Osland Graffius who wrote (3921)12/27/2003 9:17:11 AM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 110194
 
Joan, the issue of gov. debt is all over the place there is no one country where it's government is in debt over their heads, some more some less.

The issue of US debt stands out because of it's "size" but if one would compare the US debt per capita and population growth and future liability due ot social commitments (pensions, medicare etc.) you will discover that many European countries are in worst shape than the US.

All is relative ............ how about China, India, Indonesia, Pakistan or other Asian countries? they just let their elderly die away in misery and poverty.