Great presentation showing our problems

Discussion in 'Trading' started by MrDODGE, Mar 16, 2008.


    Hope this isn't a repost but is basically shows the mortgage mess won't start to subside until the start of 2009.

    Quote: "In summary, today we are only seeing the tip of the iceberg: an enormous wave of defaults, foreclosures and auctions is just beginning to hit the United States. We believe it will get so bad that large-scale federal government intervention is likely."
  2. Sultans of doom & gloom...? Outright pessimism is my New years resolution... YES?
  3. ashatet


    There are too many parasites in the system, that is a lot of people making a living without putting anything into the economy and the economy will clean them out in due time. Parasites = mortgage brokers and real estate agents

  4. Were you denied a home loan by a mortgage broker or bank?