Repent America ~ worshiping idols and materialism

2 Chronicles 7:14 America cry out to God. We pray God to restore America from living in Sodom and Gomorrah.

This is not a surprise.

One in 7 US Homeowners Late Paying or In Foreclosure

One out of seven U.S. households with a mortgage ended the first quarter late on mortgage payments or in the foreclosure process, although the pace has ebbed now that unemployment appears to have peaked, the Mortgage Bankers Association said on Wednesday.

Big danger is making debt bubbles based on deception and misleading economic data and media hype as we can see massive debt bubbles in US and in Europe. With debt bubbles, what else can be expected. It became, or will become, political, economic, financial, moral, ethical, spiritual disasters.

• • • • Obama Backs Seoul's Charge that North Korea Sank Ship

        U.S. President Barack Obama vowed to help South Korea defend itself against any further "acts of aggression," the White House said on Wednesday as it backed Seoul in its accusation that North Korea sank one of its navy ships.

      • Look Ahead: Investors Weigh Jobs, Euro, Bank Reform
      • Juncker: No Immediate Need for Forex Intervention
      • Japan Grows by Fastest Pace in 3 Quarters
      • Shots Fired in Bangkok After Day of Violence

      • Turmoil in Thailand: Scenes from the Crisis

      • Singapore Economy Grows Much Faster Than Expected
      • Mortgage Crisis Creating Drag on US Economic Recovery
      • Goldman Sachs' Newest Critics: Hedge Fund Managers
      • Cramer: Europe to Collapse in 48 Hours – or Never
    • Global Stock Markets Spooked By New Financial Regulations
    • Why Germany's Short-Sale Ban Won't Stop Speculators
      • German Ban Seen Backfiring
      • Euro Is in Danger: Merkel
    • Greece Denies It's Leaving EU; Euro Pares Gains
    • Europe 'Has Capacity' to Manage Debt Crisis: Geithner
    • Europe's Debt Crisis Shows Risks for US: Volcker
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    • One in 7 US Homeowners Late Paying or In Foreclosure
    • Seasonal Adjustments Muddle Mortgage Surveys
    • Home Loan Demand Sinks to 13-Year Low
    • Final Senate Vote On Financial Reform Likely Thursday
    • Financial Reforms 'Cosmetic,' Won't Stop Crises: Roubini
    • Consumer Prices Fall in April; Core Inflation Subdued

      Consumer prices unexpectedly fell in April for the first time in a year, with the core annual rate recording its smallest gain since 1966. Deflation Fears Hit Market Wholesale Prices Fell 0.1% in April

    • Financial Reforms 'Cosmetic,' Won't Stop Crises: Roubini
    • Home Loan Demand Sinks to 13-Year Low
    • Target Profit Beats on Clothing, Electronics Gains
    • Deere Beats Estimates, Raises Outlook; Shares Rise
    • Bangkok Burns as Protesters Surrender
    • Germany's Merkel Says Euro Is in Danger
    • Gulf Coast Fears Spreading Slick; Fishing Ban Widens
    • Europe's Debt Crisis Shows Risks for US: Volcker
    • Big Political Jolts: Specter Loses, Paul Wins
    • German Ban on Risky Bets Seen Backfiring
    • Gulf Coast Fears Spreading Slick; Fishing Ban Widens
  • SEC Proposes New Rules in Response to 'Flash Crash'

    U.S. stock exchanges would briefly halt trading of some stocks that have big prices swings under new trading rules aimed at avoiding market plunges and proposed by federal regulators.

  • Cause of May 6 Market Meltdown Still a Mystery
  • Reforms 'Cosmetic,' Won't Stop More Crises: Roubini
  • Hewlett-Packard Earnings Beat Wall Street Expectations
  • Deflation Fears Send Investors Running for Bonds
  • Critical Level Alert: Will Market Hold Or Break?
  • Germany Planning Sharp Curbs on Some Short Selling

  • Berkshire Hathaway's Biggest Stock Holdings

  • Gold Investors Should 'Rush To the Exits': Gartman
    • Cramer: 6 Reasons to Buy Gold
    • Poll: Buy Oil or Gold?
  • • Stock Picker Sees 'Plenty to Do in Financials'
    • 'Fast Money' Traders: Apple to $300 — Despite Europe?
    • 12 Firms with 'Incredible Balance Sheets'

    • Cramer: What Germany's Short-Selling Ban Means

    • 'Big Short' John Paulson Makes Big Long Bets
    • Investors Should Avoid Banks 'At All Costs': Whitney
    • Whoa! Most Dangerous US Cities For Drivers

  
  

2 Chronicles 7:24