FYI.
Quote:
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Innovest, which was early with its call on sub-prime mortgages, has determined that what Wall Street and the Federal government are diagnosing as a mortgage problem is, in fact, a symptom of a deeper crisis of deteriorated consumer financial health. For nearly a decade Americans have been taking on more debt while their savings and real wages have declined. (Figure 1 and 2).
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The free report can be requested at this URL:
http://www.innovestgroup.com/index.php?option=com_content&task=view&id=193&Itemid=61