Good Morning…Here is today’s report from the Think Big Work Small Guys. Today the boys are talking about the correlation between Unemployment and Foreclosures. In 1984 unemployment was 10%, foreclosures at 2%, and interest rates were at 14.5%, when in recent years unemployment has jumped 5 to 10% and foreclosures have jumped 5 to 10% both keeping pace with each other, while interest rates are at an all time low. Our housing market problems have more to do with the state of our overall economy. I found the discussion interesting.
Disclaimer: If you prefer reading your news over a cup of coffee in a relaxed atmosphere or your family’s sense of humor gene skipped a generation, don't watch the video; these guys talk fast and are high energy.
Have a Great Day