New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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From: Arthur Tang	7/6/2007 1:12:03 PM
	of 435

Sometimes, herd mentally on the street get strange answers. The fear of subprime mortgage defaults, will cause Wall street crash. On main street, people who lost their job will be unable to pay their mortgage. But no one can find job layoff this month. So, where can we find subprime defaulted mortgage? This is guess work of derivative thinking of housing sales slowing down, but it is just overly sensitive minds. We expect that maybe next spring, we might have restructuring, with layoffs. Auto industry is doing buy off of their employees, so mortgage is not in danger of defaulting any time soon in the auto industry. Housing slow down is really location, location, and location. Some places are hot, other places are declining because the city fathers are not building community services. Cultural development for residents to have some place to spent their idle time? Economy planners had to know the answers to mortgage defaults and FHA and VA mortgage insurance that federal government provided protection to the banks. We don't get rattle easily; and we don't make changes unnecessarily.

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