World-News

New U.S. Homes Sales Plunged to Record Low in January

The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual sales pace of 309,000 units, the lowest level on records going back nearly a half century.

http://snipurl.com/uii3q



Underwater Mortgages Hit 11.3 Million

Eleven million, three hundreds thousand homes had underwater mortgages as of the fourth quarter of last year. That number represent 24% of all residential homes loans in America.

http://247wallst.com/2010/02/23/underwater-mortgages-hit-11-3-million/



U.S. economy is a shambles, with no improvement in sight

President Obama's claim that a second depression isn't possible doesn't square with the relevant numbers.

http://snipurl.com/uii4c



Double Dip Recession Risk Is Near: CIO

The global economy looks set to plunge back into recession as the sovereign debt pressure currently rocking Europe intensifies, Ashok Shah, CIO of London & Capital, told CNBC Wednesday.

http://www.cnbc.com/id/35558503


From Information Clearing House



http://freepage.twoday.net/search?q=Obama
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http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=new+home+sales