The current housing market collapse, only the first of many crises redemption

As the economy of all the bad news every day, as well as housing prices and foreclosures hit a record number of people continued to fall, it seems, just not how the situation is usually more serious. Unfortunately, the current figures reported to underestimate the number of foreclosures over the previous year before the foreclosure problem, because over the past few months, she walked the streets of the legal system.

This means that a high redemption rate has not yet begun to reflect theWhat is the real estate market, especially now that the only figures, because their mortgages, many property owners, almost half a year ago, on behalf of more delays. Redemption of a period in the post-foreclosure auction, some states, the owner is currently no one to stay for more than a year or two years of economic figures, depending on the courts and the banks are lagging far behind the pursuit of the loss of homeowners in arrears foreclosure proceedings.

All currentThe coming economic collapse, and is likely to be designated as a country or a people's healthy growth of the measures "the word" end. Even now, because it is increasingly difficult from a problem or other, banks, investment companies and governments to work together to maintain the illusion of steady growth. However, to date is still an illusion, corruption and fraud, and manipulation of numbers left to cook the books.

Various kinds of trickshave been used for years to create an illusion of economic growth, when the reality of the situation is simply that more people are working longer hours for more of their lives and never getting ahead. Elderly couples who receive too little from Social Security and retirement accounts to pay their bills have to work, which means economic growth. People who eat out everyday contribute more to economic growth than families who make their own meals. Computers get faster, so In dealing with numbers higher than the economic growth, although the difference may be negligible. This illusion of progress at the expense of personal satisfaction is the growth in almost all the official account.

Both sides benefit from the sub-prime and the two presidential candidates who have already obtained to connect to the company, many of the victims of poverty and homelessness mortgages. No matter who won theThe White House, this corruption of unlimited economic growth is less than the expected long-term advocacy roots still firmly in the public. With economic development, the same is true of the legal provisions and control, often limit the personal freedom to be rewarded and political corruption-related lobby groups.

Is due to the country into a deep recession than in the past several decades of experience in June 2008 for the most serious in JuneSince 1930, the stock market, the owners may be looking for their families and foreclosures in the donor community. Even if the local banks can remain open to avoid casualties, major money center bank's financial operations, micro-credit borrowers in the coming years it is available. Local solutions will retain a number of groups, good health, while the sub-prime mortgage crisis is not too fat to reach ghost towns across the country.