Thursday, October 1, 2009

The US Economy Reality

Delinquencies in the Phoenix area on loans backed by office, industrial, retail and apartment properties have risen more than five-fold since March, according to data compiled by Bloomberg. The Phoenix region has the second-worst U.S. delinquency rate, behind Detroit’s 10 percent. In Phoenix, the economic recovery looks a lot like a recession.

http://bloomberg.com/apps/news?pid=20601109&sid=ak__6D.HTBQM

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