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Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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Articles about events, conflicts and disease around the world
This Is the Housing Chart That Keeps One Economist Up at Night (Michelle Jamrisko, Bloomberg Business) The economist is Stan Humphries and the chart is below. The tremendous overhang of underwater homes (more owed on mortgage that house is worth on the market) is a serious headwind for residential real estate markets, as is the continued high number of delinquent mortgages that have not yet gotten into foreclosure. See Keith Jurow article this week in GEI Analysis: Why the Housing Market Collapse is Set to Resume.
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