Mortgage market in collapse

Discussion in 'Economics' started by silk, Mar 5, 2007.

  1. if that's true hope ur trade profits are not dollar denominated. will be worthless.

     
    #51     Mar 17, 2007

  2. Great point.

    Funny coincidental timing, no?
     
    #52     Mar 18, 2007
  3. silk

    silk

    1.5 million foreclosures this year. Home prices will fall alot by end of year as there will be nobody to buy these 1.5 million homes.

    Foreclosures are the equivalent to a market sell order for a thin stock in the amount of 1.5 million shares into weak s&p 500 futures.

    HUGE GAP DOWN for housing coming.
     
    #53     Mar 18, 2007