<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/57c8dc3e-df01-458e-9ca9-713d5f42317c/EBD686D6-C735-49FD-9498-4C87867022FF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.howestreet.com/articles/index.php?article_id=10480" href="http://www.howestreet.com/articles/index.php?article_id=10480" style="font-size: 11px;">www.howestreet.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.howestreet.com/articles/index.php?article_id=10480"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.howestreet.com/img/32F7909F-A311-4875-989A-AB286C54F5C7" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.howestreet.com/articles/index.php?article_id=10480"><SPAN>Six Reasons the Dam Will Break Sooner Rather Than Later</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.howestreet.com/articles/index.php?article_id=10480"><UL> <li style="margin-left:16px;padding-left: 0px;"> <P class="articlecontent">The number of people underwater in their mortgages is high and rising fast. </P></LI><li style="margin-left:16px;padding-left: 0px;"> <P class="articlecontent">The reported nationwide unemployment figure is 9.4% with the real unemployment above 16% and rising. </P></LI><li style="margin-left:16px;padding-left: 0px;"> <P class="articlecontent">Wages are falling. </P></LI><li style="margin-left:16px;padding-left: 0px;"> <P class="articlecontent">The jobs market will suffer losses for another year. </P></LI><li style="margin-left:16px;padding-left: 0px;"> <P class="articlecontent">Notices of Default and Trustee Sales are high and rising. </P></LI><li style="margin-left:16px;padding-left: 0px;"> <P class="articlecontent">Social attitudes towards walking away and bankruptcy have changed. </P></LI></UL></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.howestreet.com/articles/index.php?article_id=10480"><P class="articlecontent">In light of the above, those expecting a rebound in home prices and consumer sales, and/or a sharp V-shaped recovery are in Fantasyland.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.howestreet.com/articles/index.php?article_id=10480"><P class="articlecontent"> Mike "Mish" Shedlock <A href="http://globaleconomicanalysis.blogspot.com"> http://globaleconomicanalysis.blogspot.com</A></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/EBD686D6-C735-49FD-9498-4C87867022FF/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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