Financial Schools Reviews

There is a certain degree of Schadenfreude to be enjoyed when reporting that the world’s second largest economy, China, has seen slower growth in 2011 than a year earlier. After all, a communist state is supposed to despise capitalism and the oppression of the workers, but, with respect to the world’s leading socio-economic system, China has adopted the philosophy that if you can’t beat them you should join them. It’s pretty clear that China is beating the capitalists at their own game.

Whilst it is true that the Chinese economy enjoyed growth in 2010 which was 1.1% faster than that seen in the current year, it would be disingenuous to suggest that China was slowing down to anything like the same extent as the likes of its major competitors. True, 2

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There were 681,153 separate foreclosure filings in the U.S. during the first quarter of 2011, a 15 percent drop from the fourth quarter of 2010, according to the latest statistics from RealtyTrac. This was also a 27 percent drop from the first quarter of 2010.

[Related Article: FHA’s Foreclosure Backlog an All-Time High]

Foreclosure filings counted in the survey include default notices, scheduled auctions and bank repossessions, the report said. In all, one in every 191 homes across the country was in some stage of foreclosure.

“The nation’s housing market continued to languish in the first quarter, even as foreclosure activity fell to a three-year low,” said James Saccacio, chief executive officer of RealtyTrac. “Weak d

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