Issue #29 Oct/Nov 2007 eModel Magazine 2007 Winter Cover Girl is: Ksenija Gadaktchian Emc2 is Wrong - Einstein's Special Relativity Fundamentally Flawed By Mike Strauss How To Become A Man Women Truly Worship - Be Absolutely Stunning And Rock Them All Over Free PSP Game Downloads The Lowdown on Bedbugs Dini M. Miller, PhD Virginia Tech
What is Body Sugaring? Inventions - How To Get Your Invention Idea Into The Right Hands Home Foreclosures Are Up 99% - Double Trouble Want to become an eModel? eModel Magazine is currently looking for models for upcoming issues of our digital e-zine. submit a picture to us by email by clicking Casting
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Home Foreclosures Are Up 99% - Double Trouble By L. WinslowReal-Estate credit crunch continues and economic fall-out is predicable from here on out - foreclosures will grow. In fact in September 2007 there were 233,538 foreclosures reported as per the Financial Times. California had 51,200 foreclosures with Florida second at 35, 350. Nevada had one foreclosure for every 185 homes and although that is a huge ratio, it was indeed expected to be that high. The ripple effect through-out the economy is serious and ranges to auto-sales, Christmas sales, and small business failures. And no more credit card bailouts with a low interest relief home equity loan, meaning retail will be hit all the way around the block and back again. This also will hurt personal technology sales and companies for as many as three-years into the future.
Furniture Industry is hurting, boat sales are sunk and travel along with the high price or fuel has seen better days. Does this mean we have entered a downward trend in the business cycle? Can the American consumer continue to be convinced that everything is okay, even when it is not? Consumer Confidence is not so hot these days, about the only thing that is heating up is the Nobel Peace Prize winner, Al Gore's Global Warming War. Still even solar sales for home residence are cooling and if home foreclosures are up nearly 100% now, what will they be as time progresses thru-out the remainder of 2007 and into 2008? Is the US economy in for a Triple Whammy, as the dollar recovers, inflation increases and foreclosures mount? And if the Middle Class takes a hit in America, will the rest of the World be able to hold up the game? The storm clouds on the horizon are much different more than an inconvenient truth. Sincerely, Lance.
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