Recession Is Over (Freedom is Slavery, Strength is Weakness- Orwell) ...Oh Wait, What's This?

Foreclosures rise 7 percent in July from June

By ALAN ZIBEL, AP Real Estate Writer Alan Zibel, Ap Real Estate Writer – Thu Aug 13, 7:26 am ET

WASHINGTON – The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.

Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday. More than 360,000 households, or one in every 355 homes, received a foreclosure-related notice, such as a notice of default or trustee's sale. That's the highest monthly level since the foreclosure-listing firm began publishing the data more than four years ago.

http://news.yahoo.com/s/ap/20090813/ap_on_bi_ge/us_foreclosure_rates

Say it ain't so, Joe?
How can this be, CNBC?
It's a jobless recovery like 2002
The Bubbles will grow
with an unemployment like flu
spread across this great nation
The dollar will fall
and we'll see hyperinflation
come to one, come to all,
The government will 'wise up'
and call to the Fed
"Print up some more money!
Print it up like Ben said!"
Starts and stops and finally..oh no... kaput
until people 'wise up'
and escort leaders with their foot.

-Bruce