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What recovery? 937,840 foreclosures in Q3

 
  

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dobbie6060



Joined: Aug 24, 2007
Posts: 551



PostPosted: Wed Oct 28, 2009 9:18 pm    Post subject: What recovery? 937,840 foreclosures in Q3

'Let's take a closer look via giant sexy graphic visualization, inside.'

http://consumerist.com/5391012/what-recovery-937840-foreclosures-q3
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Gezzer



Joined: Oct 19, 2008
Posts: 666

Location: Buckinghamshire England

PostPosted: Fri Oct 30, 2009 12:32 am    Post subject:

Quote:
President Barack Obama has welcomed the news that the US economy returned to growth between July and September.

Official figures showed the economy grew by 3.5% during the quarter, its first expansion in more than a year.

The growth was helped by a substantial government spending plan, including a scrappage scheme to boost car sales.

While Mr Obama called it "welcome news", he said the US was still a "long way" from recovering from the "deepest downturn since the Great Depression".

The return to growth of the world's largest economy also sent shares on Wall Street sharply higher. The main Dow Jones index closed up 200 points, or 2.1%, at 9,962.58.


http://news.bbc.co.uk/1/hi/business/8333167.stm

its not all bad news
but with housing etc it will get worse as the lenders wish the property so they can earn on it later

making it hard work keeping your own home
banks/bankers you gotta luv 'em …
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