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Loan Modification

: Mortgage Lender Implode-o-Meter

Rising Rates Reveal Debt Reality

By Implode-Explode Heavy Industries

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``So neither Krugman nor Wesbury, both intelligent, highly educated economists, see our current course leading to imminent crisis. Unfortunately, both have been led astray by the low debt service ratio which has masked our economy's underlying insolvency. To see through the haze, you have to look at the numbers behind this so-called "deleveraging consumer" and then look at the debt of the nation.''

Full post as published by Mortgage Lender Implode-o-Meter on January 01, 2011 (boomark / email).

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