A recession is loosely defined as a period of two or more financial quarters where the Gross Domestic Product declines. It is truly difficult to measure; difficult to determine when a recession starts, and difficult to determine when it ends. Until 1929, all recessions were generally known as depressions. By contrast, depressions are now measured [...]
unemployment
CNN has just uploaded a foreclosure map, showing the percentage of mortgages in default across the United States. Move the mouse over your state to see the pecentage. It also shows your state’s unemployment rate and budget deficit. Check out the map at http://money.cnn.com/news/storysupplement/economy/gapmap/index.htm.
Homeowners in the United States continue to lose their homes at record rates. Â The Mortgage Bankers Association recently released figures that showed roughly 9% of all homes in the United States are either in foreclosure or are seriously delinquent in their payments. Â This should be no surprise when viewed with the latest unemployment rates issued [...]
