SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Crimson Ghost who wrote (78988)5/11/2008 10:02:58 AM
From: John McCarthy  Read Replies (2) of 116555
 
CG

Thanks for posting that.

And it re-ignites my quandries:

(1) 1.7 million foreclosures RIGHT NOW.

(2) 4.3 million foreclusres ON THE WAY.

(3) Citi and BankOfAmerica and so on .... appear
to be struggling to keep up with (1)

(4) Who owns the mortgages on (2)?

(5) Lets say that price inflation is running 7%
and unemployment 7%.

(6) There are a trillion SUV's about to go in the
toilet - and whats gonna happen to that associated debt?

(7) The DEBT WALK-AWAY ERA is here and I ain't smart
enough to grasp the consequences of it.

(8) It will take some MUCH lower price points in houses to
get rid of these 6 million foreclosures - or whatever
the actual number turns out to be.

(9) Finally, no matter who is elected - they will
(I think) support some kind of housing bailout.

regards,
John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News