^^ Another doom and gloom article, this time from US News and World Report. The first paragraph starts like so:
http://finance.yahoo.com/news/How-the-Foreclosure-Fiasco-usnews-610419413.html?x=0&sec=topStories&pos=8&asset=&ccode=
It might seem like a respite for struggling homeowners, but the sudden snags and slowdowns in thousands of foreclosure proceedings could prolong the housing bust well beyond its fifth year--and spell deep trouble for the broader economy.
The broader economy's already in recovery mode and it'll soon be galloping along like a stallion despite the stumbling banks, the struggling homeowners, and the snarky foreclosure proceedings. America's like an engine that might sputter every now and then because of overheating but once it's been sufficiently cooled and lubricated, it's going to purr like a kitty kat. Yeah, I believe in America and the resourcefulness of our citizens and workers. Watch with me and see how the economy rebounds in the next few years. When the country is basking once again in the spotlight, we'll reminesce about how awful 2008-2010 was. When it's 2015 and the economy's hotter than the Alabama sun at noon, I'll probably be preparing for the next bust because by then, the engine that is America will be reaching for another critical temperature event.
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