frontpage - 4:36 pm on Aug 19, 2009 (gmt 0)

Heh. Since the U.S. media isn't reporting the above facts, then where'd you find out about it, Al Jazeera? ;)

If you are actually looking for the answer, I follow realtytrac (foreclosures), U.S. Bureau of Labor Statistics (unemployment), Conference Board Consumer Confidence (consumer confidence) for example and other government financial data reporting institutions.

Personal bankruptcy filings reached 1.25 million in the year ending June 30, up 34 percent from the year before, as Americans continued to grapple with debt, unemployment and devalued homes, according to figures released Thursday by the Administrative Office of the U.S. Courts.

The Conference Board Consumer Confidence Index®, which had retreated in June, declined further in July.

Moody's estimates that lenders will foreclose on 1.89 million homes in 2009, up from 1.43 million last year.

You could not rely on cheer leading organizations like MSNBC, CBSNews, NBCNews, CNN etc to actually report something not in line with the propaganda released by the Obama admin. You must get your facts from the source and interpret them yourself and draw your own conclusions.

Merely stating over and over that a house is not on fire does not magically change the fact that the building is burning.