Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (71993)	1/8/2010 2:21:54 PM
From: Maurice Winn	1 Recommendation of 74559

Commercial mortgages 30 days delinquent at 6%? Is that all? Having been a creditor [in the oil industry] to commercial customers, that's about what I'd expect. Heck, that proportion of businesses is normally in trouble or struggling financially and looking for some loans to put off for a while. Vulture funds looking for bust companies to swoop on will have sparse pickings if that's all that's on offer. Perhaps 2010 will see financial catastrophe [in a general sense] but it's not happening yet, though tax revenues are taking a pounding so the government spivs and bludgers will be having to pay themselves with dilutionary/inflationary promissory notes at the expense of mugs holding the currency. Wait a minute, that's me!! Note to self - unload the Tonka Truckload of US$ cash and load up with something of long-run value. Mqurice

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