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Seven things about the economy that everyone should be more worried about than they are

Seven things about the economy that everyone should be more worried about than they are via Nieman Watchdog > Commentary > Seven things about the economy that everyone should be more worried about than they are.

Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6% (Update1) – Bloomberg.com

U.S. prime jumbo mortgages at least 60 days late backing securities reached 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for “serious delinquencies,” according to Fitch Ratings. via Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6% (Update1) – Bloomberg.com.

The budget, partisans and Bin Laden » Times Record News

The teabagging cheat-sheet: Dear Buster: It is difficult to defend the Republicans during the Bush administration, as they virtually did nothing to rein in Congress’s addiction to spending over his two terms. Unfortunately, President Bush did in fact leave President Obama a deficit of about $450 billion, but not the $1.3 trillion figure Obama bandiesContinue reading “The budget, partisans and Bin Laden » Times Record News”

Global market turmoil hints that U.S. recovery may founder | McClatchy

Awww, man. Conflicting U.S. jobs data and mounting concerns about debt defaults abroad that threaten global economic growth triggered a worldwide wave of stock-market volatility Friday amid fears that the improving U.S. economy could unravel. A mixed jobs report from the Labor Department, including a revision that showed that 2009 job losses were far greaterContinue reading “Global market turmoil hints that U.S. recovery may founder | McClatchy”

Funds flee Greece as Germany warns of “fatal” eurozone crisis – Telegraph

The yield on 10-year Greek bonds blasted upwards by over 40 basis points to 7.15pc in a day of wild trading. Spreads over German Bunds reached almost four percentage points, by far the highest since Greece joined the euro, and close to levels that risk a self-feeding spiral. Contagion hit Portuguese, Spanish, Irish, and ItalianContinue reading “Funds flee Greece as Germany warns of “fatal” eurozone crisis – Telegraph”