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

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Uploaded 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-...

Option Arm Chart
http://www.calculatedriskblog.com/200...

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

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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