Sunk In Debt, American Consumers Can't Spend

Thus businesses have few reasons to hire workers.

I report on economic, real estate and refinancing issues here:

• Debt Curtails Prospects Of Economic Recovery
• America's Mortgage Bond Slump
• Help For Homeowners At Risk Of Foreclosure
• Does The Mortgage Industry Lie With Statistics?
• Keeping Risk-Retention In Mortgage-Backed Securities
• How To Set Up A Reverse Mortgage
• The Return Of Foreclosure Filings
• Rolling Back Fannie Mae, Freddie Mac Imperils Housing Economy
• High Mortgage Denial Rates Imperil The Housing Recovery
• Reforming Mortgage Interest Deductions
• Should The US Remove The Mortgage Interest Deduction?