MORTGAGE DEFAULTS: The unemployment level is impacting the economic recovery. The ever increasing lay off and sinking in the general economy, has reached a November level, where one in seven prime mortgages are in default or one to three months late. This late loan payment in the prime mortgage space is the HIGHEST on record since the early 1970’s when records on late … [Read more...]
Economic Report for November 24, 2009 by CEOSpace Chairman Dohrmann
THERE ARE NO JOBS – BECOME A PARTNER OR START YOUR OWN BUSINESS !!!
The economy is still shedding jobs, but at a much slower pace than at the height of the financial crisis this year, according to government figures released Friday. That bolsters the view that the economy is making a slow but steady recovery from the worst downturn in decades. But for the nearly 16 million people out of a job, it hardly feels like a recovery. Over the past three months, the … [Read more...]