Martin Weiss <MartinW029>

"I Love Investing! Do you?"

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Hi Bebo friends, No Depression on the Horizon ... hace 609 días
 
Hi guys,

Ok, the mortgage crisis is not over. This week, the message I want you to come away with is that the mortgage and credit crisis do not present a doomsday scenario. Don't misunderstand — I am not cavalier about the financial crisis the U.S. is going through. It is scary stuff. Probably the worst crisis this country has seen since the Great Depression.However, it is not the end of the U.S. nor is it the end of the world.

And I do not believe that it is going to lead to another depression. Quite the contrary, it's going to lead — as you well know from reading my column — to much higher inflation. I see seven reasons why the mortgage and credit crisis is not as bad as some seem to believe ...Reason #1: Only 0.83 percent of U.S. mortgages are currently in foreclosure.

There are 44 million mortgages in the U.S. with an average balance of about $200,000. View the full article at: --> http://www.moneyandmarkets.com/issue... <--
 autor: Martin Weiss 
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