Saturday, July 18, 2009

2009 Projected Foreclosures in the USA: 1 of every 21 households !

American Dream or American Nightmare?

Mike Shedlock gives a brief commentary on a communication he received about American foreclosure rates. Obviously we must be wary of using data about the American market to forecast the UK but there is a well known tendency for American economic problems to visit our shores. I knew things were bad but Mish's prediction of 1 in 21 households being reposessed is horrific.

Posted by quiet guy @ 08:46 PM (745 views)
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One thought on “2009 Projected Foreclosures in the USA: 1 of every 21 households !

  • Kevinsimpson says:

    Good point. Obama is trying to give american dream, but the nightmare is strong

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