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Rick Sharga on the Economy
“The nation’s economy is dependent on the real estate market to bottom out and turn the corner before any true healing from the mortgage crisis can begin in earnest. The federal government is attempting to legislate the economy back to health.
However, with the labor market continuing to shed jobs, more citizens filing for bankruptcy protection, and the foreclosure floodgates wide open, legislation alone is not enough. Investors and ordinary citizens need to feel confident of their own financial stability. Until that confidence returns to the marketplace, foreclosures will continue to delay any real economic recovery.”
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