A few years back, as we all know, various forms of American economic overindulgence came to a head and almost caused a collapse of the country’s economy. The Great Recession, as it is being called, was an economic squeeze caused by overestimated property values and a country wide epidemic of revolving credit card debt.
The mess forced several of the nation’s titan financial institutions to close shop and according to the Mortgage Bankers Association led to over 1.2 million (and counting) home foreclosures, mostly across Florida and California. Even though the recession is now shrinking smaller and smaller in the rearview mirror its effects can still be felt. A few years back, as we all know, various forms of American economic overindulgence came to a head and almost caused a collapse of the country’s economy. The Great Recession, as it is being called, was an economic squeeze caused by overestimated property values and a country wide epidemic of revolving credit card debt.
The mess forced several of the nation’s titan financial institutions to close shop and according to the Mortgage Bankers Association led to over 1.2 million (and counting) home foreclosures, mostly across Florida and California. Even though the recession is now shrinking smaller and smaller in the rearview mirror its effects can still be felt. A few years back, as we all know, various forms of American economic overindulgence came to a head and almost caused a collapse of the country’s economy. The Great Recession, as it is being called, was an economic squeeze caused by overestimated property values and a country wide epidemic of revolving credit card debt.
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