Archive | August, 2011

U.S. Slowdown to Last 4 to 6 More Years but Stocks Hold Up

In late 2009 the Wall Street Journal reported that nearly 1 in 4 U.S. borrowers owe more than their home is worth.  With real estate prices continuing to fall over the last two years that 25% figure is definitely higher today. In Arizona recent reports put the number of mortgage holders currently underwater at 50%, [...]

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