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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ggersh who wrote (211766)7/22/2009 2:11:34 PM
From: DebtBombRead Replies (1) of 306849
 
Here's the pattern again: CRE
"It is a sector we are paying a lot of attention to," Bernanke said.

But he testified because commercial mortgages are a relatively small market, "I don't think we need to have an enormous program to stimulate improvement."

Trends Research Institute Director Gerald Celente, who forecast the subprime mortgage financial crisis and the U.S. dollar's decline in 2006, says otherwise. He predicts the defaults will turn into a commercial real estate collapse that will "dwarf the subprime problem."

upi.com
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