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Politics : The Obama - Clinton Disaster
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To: GROUND ZERO™ who wrote (8407)3/5/2009 2:42:29 PM
From: Wayners2 Recommendations  Read Replies (1) of 103300
 
Credit Card defaults and commercial real estate defaults for all of those strip malls and trinket stores that people can't max out their 10 credit cards and home equity loans for anymore. More home mortgage defaults and foreclosures from people losing their jobs in the service industry (restaurants and stores). Housing prices are still a long ways from being in line with rents, which by the way are DECREASING.

It isn't over until ALL the excesses are wiped out and then a little extra on top of that as things tend to get overdone on both the upside and downside. The signs of excess are still plentiful. All the McMansions, the strip malls with national chain restaurants and stores on nearly every streetcorner, the car dealerships on every other steet corner...When I see boarded up malls and dealershuips with "for lease or for rent" signs everywhere, I will then declare a bottom.
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