2 SIDES TO EVERY STORY AM POST

NEW YORK – AP STORY HERE

>>The number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure prevention programs helped more borrowers.

But foreclosure filings are still up 19 percent from a year ago, . said Thursday, and rising job losses continue to threaten the stabilizing trend.

More than 332,000 households, or one in every 385 homes, received a foreclosure-related notice in October, such as a notice of default or trustee's sale. That's down 3 percent from September.

Banks repossessed more than 77,000 homes last month, down from nearly 88,000 homes in September<<<

BUT HERE will be the headlines:

"Foreclosures dip 3 pct. in October from September"

WHat is MORE IMPORTANT:
"foreclosure filings are still up 19 percent from a year ago,"

You see it's all in how the information is presented. WHAT will not be presented is how many SHOULD BE on the market as FORECLOSED being held off the market in a (off balance sheet?) SHADOW INVENTORY....almost like DIAMONDS held in Vaults in Russia and S.AFrica to keep Diamond prices HIGH...you knew about that right? LIKE XMAS, buying a DIAMOND RING has been SOLD TO YOU....

HERE IS SOME FACTS I DIG UP FOR YOU:

>>A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say.

Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous data sources. And foreclosures, which banks unload at fire-sale prices, are a major factor driving home values down.

“We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market,” said Rick Sharga, vice president of RealtyTrac<<

And you have also heard how some institutions like Fed Home Loan ADM are RENTING BACK homes so they don't sit empty.

I promised I would NOT turn oN CNBC anymore and, well this AM I did anyway and threw the TV BRICK at the idiot hosts and guest they trot on with their MEANINGLESS DRIBBLE. MY GOODNESS could they for once just tell it like it is?

MORE LINK HERE

Shadow' Foreclosures Could Saturate Housing Market
creditfyi.com
<7 million pending foreclosures could flood the market in the near future, driving housing prices down.>>

Just like this data misrepresented, so is unemployment, so is protests our economy is ripping again. IT just ain't so!

CEO of COSTCO, those BIG BOX single digit margin BULK guys shouldn't worry but he said "fingers crossed consumers will spend this holiday"

Folks, is it not common sense if you TAKE OUT 8 MILLION used to be gainfully employed Americans OUT of the workforce, is it a CLUE XMAS shopping might be a TAD SUBDUED?

How in the world could the remaining shoppers carry the load for the missing 8 MILLION PLUS????

Do you understand now why the IN CROWD had to PUMP UP EQUITIES and INFLATE ANOTHER BUBBLE? There is no such thing as pay as you go, pay the piper for this crowd, foist it on the NEXT GENERATION.....

If we do NOT have situation of EXPANDING CREDIT, we have proof that Bank Loans are declining, Businesses are cutting back SPENDING, revenues are down, cutting heads gives you a profit these days......look upon the EVIDENCE the MSM doles out with a jaundiced eye....

I have showed you irrefutable evidence that the stock market gains have been brought about by the debasement of our currency....and not much else besides the one off STIMULUS that ONLY steals from any future demand. The attempt is to PUMP UP CREDIT DEMAND...it is failing.

We have a developing CRE (commercial real estate) crisis now, vacancies soaring

Even the HAIR CHANNEL will tell you >banks aren't lending< WHY DID GS change their designation as a bank? was it go get the teet of FED funds at 0%? And they make 80% of profits from "TRADING"??????? all those visits and phone calls to and from the Treasury and FED to these big banks..hmmmmmm BOY it's as if they knew what was coming....nahhhhhh

50% OF ALL BANK DEPOSITS NOW RESIDE IN JUST 3 BANKS?

What have they done, what have they done....

Duratek your truth seeker