According to the Standards and Poor's (S&P) website, "Over the past 30 years, more than 1,800 financial and non-financial companies have defaulted on their debt. Moreover, many of these firms have defaulted multiple times."
Dr. Erkan Ertuck also has stated that a revival in the U.S. housing market is years away. To improve your own financial- market intelligence, check out the video at http://video.standardandpoors.com/?video=1OL9PqN4W6HyjpNqq8S6TjDD9E#.
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