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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (262)4/20/2004 8:42:06 PM
From: JF Quinnelly  Read Replies (2) | Respond to of 621
 
Well shoot, Maurice, the fact that Greenie announces that we have nothing to worry about should be the alarm bell alerting you that it ain't so! As soon as interest rates rise a tad all those zero-down payment Adustable Rate Mortgages we've been churning out over here are gonna start blowing up, taking the vast American RE bubble down the proverbial black hole. Beware the Jabberwock, er, the Deflation Monster.