Housing Crash Update: Can US Dollar Remain World's Currency?
There's A World of Pain Ahead
By Mike Whitney
8 million homeowners are behind on their payments! And, that's not all; mortgage applications dropped 9.6 per cent last week while the Refinance Index (refis) fell 9 per cent in the same period. So, mortgage apps are down even though the Firsttime Homebuyer Tax Credit is still in effect (it ends in two weeks) and, even though this is the "peak season" for home sales. Continue
By Real News
US dollar as world's reserve currency is great if you own a bank; not much good for Main St. Continue
Sunday, 18 April 2010
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