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Builders Suffer Due to Mortgage Crisis
During last month the existing home sales fell down again and it is reported that a large number of home builders are facing the worst ever quarterly earning. These home builders believe that the main reason behind this mess in the stressed housing sector is the continuous sub prime mortgage crisis.
Central Bankers Are Lending FreelyCentral Bankers are lending freely but not freely as to bail out the over-levered players in the game. Company default rates will undoubtedly rise somewhere along the 300% lines anticipated by Economy’s chief economist Mark Zandi.