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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (30706)5/22/2010 11:56:48 AM
From: Hope Praytochange1 Recommendation  Read Replies (2) | Respond to of 103300
 
UNDER THE HEADLINE "Scary Math," Dave Rosenberg, one of the very few pros, until last week anyway, who has shared our reservations about the stock market and the economy (which, we suppose, is why we quote him so often in this space) has compiled an interesting list of things that polite people don't talk about over the dinner table, that still speak eloquently to the state of the economy. Here's a sampling:

One in every 10 Americans missed a mortgage payment in the first quarter of this year -- a new record. One in 10 Americans' credit-card usage is being written off -- also a new record.

One in six Americans are either unemployed or underemployed. Over four in 10 of those jobless Americans have been out of work for at least six months and there are five unemployed workers competing for every job opening.

One in four Americans with a mortgage have negative equity in their homes. Only one in 50 Americans plan to buy a home in the next six months.
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