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Simple logic: People Without Jobs Can’t Make Mortgage Payments

Last updated:

Mon, 23 Nov 2009 21:04:00 +0000

What happened yesterday? The Dow sold off 93 points. Investors had been hesitating. There's supposed to be a recovery going on. But the latest news is unsettling. Housing and employment numbers are weak. What's going on? Maybe this recovery is not a sure thing after all.

"Record numbers late on US loans," says a headline in The Financial Times.

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