Friday, July 17, 2009

At What Cost?

For the last two days the US stock market is going up again, but...
  • Yesterday's news:

    The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills.

    Foreclosure filings rose more than 33 percent in June compared with the same month last year and were up nearly 5 percent from May.
  • Today's news:

    June unemployment topped 10 percent in 15 states; Michigan rate exceeded 15 percent