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May 19, 2012 at 9:21 pm
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www.themortgagereel.com Seattle Real Estate Mortgage Rates Today 4 The Federal Reserves Bond Purchase program a PONZI Scheme? This is the bold comparison made by PIMCO’s bond strategist Anthony Crescenzi. For more information contact us at: The Mortgage Reel / Team Mortgage Reel 275 118th Ave SE Suite 200 Bellevue WA 98005 United States (425) 455-0100 www.themortgagereel.com
It’s been almost four years since the Great Recession of 2007. Since then, American companies have laid off hundreds of thousands of employees, millions of Americans have received foreclosure notices, and consumer debt levels have left a dark cloud over our economy. After several attempts to spur economic growth, the administration seems to be out of options. Efforts to promote job growth have faltered, homeowner assistance programs consistently miss their mark, and debt has shackled the wallets of all Americans. It seems like something has to give. A few economists are proposing a radical step to revive the American economy, but their medicine might be too much for Wall Street and the banking community to swallow.
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Japan 7 Days: www3.nhk.or.jp A new business model called the “social fund” is giving hope to businesses in the areas afflicted by the March earthquake and tsunami. The approach allows anyone who wants to help a organization revive itself get the process going by contributing funds. As little as 10000 yen ($130) is acceptable. More than 40000 small and midsize firms in the three hardest-hit prefectures are thought to have suffered damage. Many of them have been unable to take out new bank loans because of existing debts for previous purchases. The “social fund” could be their last resort.FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. constitutes ‘fair use’ of any such as provided in Title 17 USC section 107 the US Copyright Law.