X22 Report:4 States Are In Recession And 3 Are On Their Way, This Will Spread Across The Country. 1 In 4 Americans Are On The Verge Of Their Own Economic Collapse
Greece cancels existing bailout with IMF. Australia’s housing market is starting to meltdown. Consumer confidence and hope collapse. Existing homes sales increased but the sales did not come from everyday Americans. Case-Shiller reports that housing prices are starting to fall. Richmond Fed Survey declines and is back in contraction. Freddie Mac and BofA create a new 3% down payment scheme with no mortgage insurance to get more individuals to purchase homes. 4 states are in recession and 3 are on their way, this will spread across the country.
