Inflation is down from 3.98% in March to 3.94% in April. January was at
4.28% and February was at 4.03%. This proves that Tbones claim of
stagflation is false, and his claim that inflation is rising is also false.
According to http://www.bls.gov/news.release/empsit.nr0.htm
Unemployment is down a tenth of a percent, despite the first quarter's loss
of 250,000 jobs. Even at that number of jobs lost, the first quarter of 2008
saw only a tenth of a percent rise in unemployment over the fourth quarter
According to http://www.npr.org/templates/story/story.php?storyId 943622
Home forclosures in the worst metropolitan area were 5% in Detroit in 2007.
This was 4.8 times the national average. This means the national average is
just over 1%. Thus 99% of homeowners
Home foreclosures in March reached 900,000, or 2.04% of all mortgages.
Another 0.83% saw the process inititated. As such, less than 3% of mortgaged
properties are in foreclosure.
According to Tbone, none of the above is true, and all the sources are
Your turn Tbone. Post the "real" numbers.
"Everyone is entitled to his own opinion, he is not entitled to his own
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