When is this going to end? Glenn Beck from Fox news said recently that this is not an economic crisis. He said it is a confidence crisis. What is it going to take to get back on track. This article states that the recent loans issued are half refinances and half purchases. However, the confidence to absorb the massive amount of inventory is at a low on top of the higher unemployment. Foreclosures are only going to increase in the next year especially here in Miami.
Bernake Announces Steps to Shake Economy
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