I f this isn't a recession, what is?


	I f this isn't a recession, what is?

papananook

4-29-2008 6:29 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5741bd44-16fa-4007-ac97-9c073a9c21b4/C9F89A6C-DE88-40A4-B270-9292D7BF641E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://community.livejournal.com/so_very_doomed/579653.html" href="http://community.livejournal.com/so_very_doomed/579653.html" style="font-size: 11px;">community.livejournal.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://community.livejournal.com/so_very_doomed/579653.html"><A href="http://biz.yahoo.com/rb/080428/banks_research_morganstanley.html">Morgan Stanley sees big bank woes just beginning.</A> “Morgan Stanley analysts on Monday told clients to 'sell the rally' in financial stocks, slashing forecasts for big bank earnings and warning that the current credit crunch is only just beginning.”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://community.livejournal.com/so_very_doomed/579653.html"><DIV>
<A href="http://money.cnn.com/2008/04/29/real_estate/foreclosures_still_rising/index.htm?postversion=2008042909">Foreclosures spike 122% - no end in sight.</A> “Foreclosure filings in the first three months of 2008 rose more than 112% over last year... nearly 650,000 foreclosure filings - which include notices of default, auction sales and bank repossessions - were issued in the first quarter. That represents 1 of every 194 households and marks a 23% increase from the last quarter of 2007.”</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://community.livejournal.com/so_very_doomed/579653.html"><DIV><A href="http://www.theatlantic.com/doc/200803/subprime">The next slum?</A> “Strange days are upon the residents of many a suburban cul-de-sac. Once-tidy yards have become overgrown, as the houses they front have gone vacant. Signs of physical and social disorder are spreading.”</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C9F89A6C-DE88-40A4-B270-9292D7BF641E/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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