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Friday, 16 July 2010

Do your OWN math... [recovery?]..............from Rico

You may continue to let the economic geniuses like Katie Couric, ABC-NBC-CBS-CNN and deep-thinkers in Congress tell you all about how 'recovery' is either (a) here, or (b) just around the corner now, OR:

You can do your OWN math!!

BUSINESS.
1. Small businesses provide most of the JOBS. Unemployment is stubbornly running in the low 20% range (using REAL numbers and not the 'cooked' official ones). Look at what has happened to small business lending.
- Connect the dots.

REAL ESTATE.
2. Home ownership has been the American "dream" but home owners have lost 26x more in equity than they have reduced their mortgages..losing $7 trillion from Spring 2006 to Spring 2010 (from $20 trillion to $13 trillion). With 75 million homwowners this equates to a "loss" of $93K each. This is not a good sign for real estate.
- Connect the dots.

Recovery? Please!
- Just go ahead and sell me the Brooklynn Bridge...OR explain to me exactly WHY I should return any of you to elected office, OK?


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