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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (15434)	3/15/2007 7:12:59 PM
From: energyplay	Read Replies (2) \| Respond to of 217911

I'm Pessimistic enough to expect that the US will have one or two quarters of negative GDP growth ... which usually counts as actual recession. And I'm cynical enough to believe that when the GW Bush administration wants to help the economy, the bills will be held up in Congress long enough to make sure the economy is still bad when the 2008 election occurs in November 2008. The bad loans were made in 2006, 2005 and some 2004. Most everything from 2003 and before will be fine. Housing price have gone up since then. Anyone who had stocks in an IRA would have seen them go up about 30% or more. Employment and salaries have gone up since 2003. And underwritting standards were much better. The 2003 loans have already aged a few years. Much of the 2004, 2005 and 2006 paper was sold to Europeans desparate for yield, and wanting US dollar assets for some reason....carry trade or some kind of hedge, maybe against re-insurance. You are looking for the sky to fall in, and I expect a few ceramic tiles will fall off the ceiling due to poor construction. These tiles will fall on both the guilty and the inocent. I'm going to hide under a table, or in a doorway, and you want to build an ARK... and get two of each type of coin.