As bad as the housing crisis has been over the past three years, it has only been a warm up to what we have headed our way… [In fact,] the forecast is horrific, to say the least!28% of US homeowners already owe more on their mortgage than their home is worth [and]… 27% of American homeowners are considering walking away from their mortgage…This is going to significantly drive home prices further down. [Let's look at the details.] Words: 657
It would appear that the U.S. is in an untenable position – between a rock and a hard place – in an inescapable debt trap – where the options are, at best, dire – hyperinflation or a deflationary depression! It would seem that all we can do is ride out the storm in a boat laden with gold. Words: 2283
von Mises once said, “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later, as a final and total catastrophe of the currency involved” and just that is happening before our very eyes. Words: 2242
The key concern for analyzing trading/investing opportunities for the rest of 2010 is whether we are facing a major pullback or ‘crash back’ to Autumn 2008 or March 2009 lows, or to see markets continue in their “risk on / risk off” pattern of the first quarter. Words: 516
The effects of the credit crunch on the real estate market have been serious, but negative trends will not continue forever. Words: 512
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