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Viewing the Economy through the eyes of Wall St. & CNBC

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Uploaded by on Jul 23, 2009

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Economic News

VISIONVICTORYMANIFESTO.COM

The unemployed who are not included in the official number has doubled in the past year.
http://finance.yahoo.com/news/States-Where-the-Unemployed-usnews-3479448580.h...

Option Arm Chart
http://www.calculatedriskblog.com/2007/10/imf-mortgage-reset-chart.html

Option Arm payment shock, payments can double or even triple
http://www.pueblo.gsa.gov/cic_text/housing/interestonly/interestonly.htm

1.3 Trillion total, WSJ Subprime estimates
As of April 2009, 34% of subprime were 60 days late and 14% were in foreclosure. The vast majority reset in 2007/2009

750 Billion, WSJ estimates of Option Arms taken out from 2004-2007.
As of April 2009, 37% of Option arms were 60 days late and 19% were in foreclosure. The vast majority will reset in 2010/2011/2012

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Top Comments

  • Simply turn your computer upside down!

    LOL

    Great video!

  • It's a bull shit stock market recovery.

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All Comments (302)

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  • Need many sexy and hot guys for date naneedj.info

  • what came first...the work?..or the payment?...if work was required before payment..a credit was applied to the employer until the work was completed, at which time it was given back in the form of money, Money created) if the worker was paid before the work (buying on credit) then the credit was applied to the worker, and given back to the creditor after work (payment) it's all the same...there is no other system, or should people simply starve until they can afford food and shelter.....

  • If your senerio is correct (it's not) then nothing matters anyway.....what you do, what you buy or don't buy...nothing will matter.....you're way off....

  • hahaha thats true.....I am about to buy a 3 family house in the bronx, ny for 400k.....the plan is to spend 1600 that i pay for rent to own the property......i think thats the smarter thing to do.....as far as buying new homes as investment is FOOLISHNESS!

  • congrats.......you are better off selling the house that will be paid off....and relax because when shit hits the fan dont expect anyone to give you the rent money.....because they wont have any!

  • Wall Street is being inflated by credit exansion out the ass, whcih will fail of course and cause and even bigger bottoming out than would ahve happened had the credit spicket not been turned hard to the flood side.

    Wall Street is in for a nightmare. All because of inflation. BS gov created economic stats are not to be believed either, they have no basis in reality.

  • Another great video. Thanks for your time and effort.

  • peter schiff said we have to go through a recession\depression. high unemployment and job losses is the norm. we have to take it on the chin.

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