Foreclosures are near record high with peak expected in 2010. When I predict more bank repos expect the skeptics to scoff. The same debunkers that laughed in 2005 when they were warn of a real estate bubble now claim it was obvious. It is like they never seem to learn.
What we face is nothing less than a complete collapse of our economy. This severe economic recession is slowly turning into the Great Depression 2.0 and we are seeing it take place right in front of our eyes.
No comments:
Post a Comment