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IPFS News Link • Housing

US housing depression worst in world history

• Terrence Aym
What's more catastrophic than the fall of Rome; more devastating than the collapse of Germany's Wiemar republic after WWI; and worlds worse than the Great Depression of the 1930s? If you guessed the U.S. housing market in 2011 you're right. The economic numbers are in and they reveal the United States is wallowing in the middle of the worst housing collapse, ever. Many experts believe it will get much worse before it gets better.

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