ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 08/01/2011 EVENING EDITION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 08/01/2011 EVENING EDITION

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The Free ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 07/27/2011 all inclusive list of the entire Birmingham MLS Has Now Been Published. GET YOUR LIST TODAY WHILE IT IS STILL FREE

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7016170392

These Single Family Homes are Active on the Market and Can Be Purchased at Huge Discounts. ACT NOW AS TO NOT LOSE YOUR MOMENT OF OPPORTUNITY.

Have an awesome week and keep tuned for up to the minute changes in the Birmingham AL Real Estate World.

We  interrupt this political soap opera for a brief message from  reality.

The  Treasury bond market is doing fine, the 10-year a new 2011 low,  2.85 percent.  How could this be so, news media and officials chanting,  “Default,  default, DEFAULT …”?

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Treasury  bonds are doing fine because the United States will not  default on  them. The Treasury has quietly assured investors that  interest will be paid on  time, maturing debt paid by issuing new bonds  under the limit. The cash  required to do so is relatively trivial,  perhaps $25 billion in August versus  tax revenue near $170 billion.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

However,  short-term markets are stressed. If this soap opera falls  apart altogether, tax  revenue will fall short of other August spending  commitments by $130 billion or  so, which we otherwise would have  maintained by borrowing. In August alone.  Furloughing half the  government for even a week or two would guarantee a new  recession.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

The  Treasury market is fine for another reason: Europe  is falling  apart (again), their latest grand fix lasting less than a week.  Spanish  and Italian long-term bond yields are rising back to pre-crisis levels,   both nations too big to save. Italy’s  debt is 120 percent of GDP, and  at about 100 percent any country crosses the  black hole threshold.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

The House on Monday voted to approve a deal to raise the debt limit,
voting 269-161 for a bill that would cut government spending by trillions
and effectively raise the debt ceiling through the end of 2012.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

The bill, which was brokered Sunday night in last-minute negotiations between
the White House and Congressional leaders, passed with the support of 174
Republicans and 95 Democrats.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 08/01/2011 EVENING EDITION

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