"US Mortgage Resets
Beginning in July, a wave of mortgages will reset with higher rates. The last time a reset of this magnitude hit, it became the subprime debt crisis, which became the crash of 2007. Could the twin detonations of the EU Debt Crisis and US Mortgage Crisis II be the catalysts of the forecasted multi-year pullback beginning around August?"
full story link here
Recovering from a DEBT BUBBLE which has burst, which grew for 30 years will not happen overnight, it may take decades....and more than likely we experience the JAPAN experience.
I ask you what has actually been fixed? I would love to believe the rosey outcome, don't think its possible with what actions have been taken.
Totol credit market debt has only climbed higher to near 365%......the music will stop.....there will be a nasty reversal and moses isnt here to part the red sea...
D
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment