Foreclosures Rise; Repossessions Set Record

This spells more stimulus and competitive currency devaluations in the future. Soon the consequences of the stimulus and infinite liquidity (cure) will be as painful as the effects of the debt implosion (disease).

US foreclosure activity rose in August from the previous month, and banks and lenders took ownership from homeowners at a record pace, according to a new report released Thursday.

Source: cnbc.com

Thanks Bob.