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The Worst is Over?

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April 27, 2009 – Comments (1)

chargeoffs

I hear a lot of news stories and political spin making this claim. It looks like bunk to me. Check out the full size view of the graph i made from charge-off data from the Fed. Does anyone really think these rates aren't going to set new records? They're not all there yet.

1 Comments – Post Your Own

#1) On April 27, 2009 at 11:31 AM, EHoyle80 (< 20) wrote:

If the U.S. is going to get out of its recession, it had best start climbing now, lest we see “depression levels of 20% unemployment.”

 What to look for: “Early U.S. job loss forecasts and U.S. consumer confidence indicators for the month of April,” as they will indicate “whether there is any possibility of the beginnings of U.S. economic recovery any time soon.”

 Via Stock Research Portal

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