showing a major spike in the number of foreclosures from july to august. ththe 7% increase is a nine month high for the number of homeowners unable to foot the bill and they are starting the frost ses of foreclosure. the president of the world bank is pointing fingers at the u.s. and other countries saying the world is now in a new economic danger zone. joining me to talk about this is steve morris, economic journalist with the "wall street journal." do you agree with that. >> there is no doubt about it. i don't think that is a very shocking head hraoeup. we've seen this coming for a longtime. the data that came out today, i hate to say it, jenna, it's so grim. we've seen an increase in the foreclosures that you just mentioned. the new unemployment insurance claims numbers came out today. they are supposed to be falling, they rose again, which suggest we may see another pick up in the unemployment rate in a couple of weeks. it's hard to see any silver lining. i guess the silver lining is at
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