Tag Archives: Debasement Blues

Foreclosures accelerating; Unemployment at 22.5 pct

By RealEconTV

Thanks to ever-increasing foreclosures – and the numbers are about to get even worse – there is a glut of supply on the market. Meanwhile, it’s been many decades since the American consumer has been in such bad shape. How bad are things out there? The October 11 issue of Barron’s magazine puts the real, uncooked US unemployment figure’s at a sobering 22.5%.

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