12-06-2007, 03:51 PM
mrbaggio Wrote:Evan Wrote:(now whether or not it actually is a "crisis" is another matter-- statistics for foreclosures are not dramatically up)
False. Foreclosures are at a record high.
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"all time high" is irrelevant, especially considering home ownership is at an all time high as well.
A few fractions of 1 percent does not mean doom and gloom for the entire economy. Its the frenzy and overreaction that has hurt the economy more than anything.