Economic Report: Are We In The Most Serious Financial Crisis In Our Lifetimes? - 07/15/08

Economic Report:

If you are beginning to feel like this recession is particularly bad, you may not be far off. Billionaire investor, George Soros called the current state of the U.S. economy the “most serious financial crisis of our lifetime.” He told Reuters that the economic slowdown has been slow coming, “but the slower it comes, the more powerful it is.” Anywhere from 8000 to 9000 U.S. homes enter foreclosure every day.