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peterb
ParticipantI think Meredith Whitney covered this a month or so back. Credit card companies are going to reduce thier overall limits in the next year or so by over $1T as an industry. They’re realizing their exposure to default risk is shooting up in this economic contraction.
ParticipantI think Meredith Whitney covered this a month or so back. Credit card companies are going to reduce thier overall limits in the next year or so by over $1T as an industry. They’re realizing their exposure to default risk is shooting up in this economic contraction.
ParticipantI think Meredith Whitney covered this a month or so back. Credit card companies are going to reduce thier overall limits in the next year or so by over $1T as an industry. They’re realizing their exposure to default risk is shooting up in this economic contraction.
ParticipantIf our govt decides to debase the currency as unemployment rises and defaults increase. We will have the gap between the “haves” and the “have nots” growing much greater than ever before. And the numbers of “have nots” will be much greater as well. This may not bode well for our civic safety and public good.
ParticipantIf our govt decides to debase the currency as unemployment rises and defaults increase. We will have the gap between the “haves” and the “have nots” growing much greater than ever before. And the numbers of “have nots” will be much greater as well. This may not bode well for our civic safety and public good.
ParticipantIf our govt decides to debase the currency as unemployment rises and defaults increase. We will have the gap between the “haves” and the “have nots” growing much greater than ever before. And the numbers of “have nots” will be much greater as well. This may not bode well for our civic safety and public good.
ParticipantIf our govt decides to debase the currency as unemployment rises and defaults increase. We will have the gap between the “haves” and the “have nots” growing much greater than ever before. And the numbers of “have nots” will be much greater as well. This may not bode well for our civic safety and public good.
ParticipantIf our govt decides to debase the currency as unemployment rises and defaults increase. We will have the gap between the “haves” and the “have nots” growing much greater than ever before. And the numbers of “have nots” will be much greater as well. This may not bode well for our civic safety and public good.
ParticipantPreaching to the choir on this one. All the data I’ve seen on RE prices in CA since 1960 gives unemployment the number one indicator of price direction. Anything over 7% means RE prices are headed down. Well, 9.3% and we’re only at the first year of a nasty contraction. If you think Mr Mortgage is right about the next wave of foreclosures, as I do, then this is a prefect storm for RE prices to really drop in 2009.
Agreed about college towns. Just gotta be able to make a decent living in them.
ParticipantPreaching to the choir on this one. All the data I’ve seen on RE prices in CA since 1960 gives unemployment the number one indicator of price direction. Anything over 7% means RE prices are headed down. Well, 9.3% and we’re only at the first year of a nasty contraction. If you think Mr Mortgage is right about the next wave of foreclosures, as I do, then this is a prefect storm for RE prices to really drop in 2009.
Agreed about college towns. Just gotta be able to make a decent living in them.
ParticipantPreaching to the choir on this one. All the data I’ve seen on RE prices in CA since 1960 gives unemployment the number one indicator of price direction. Anything over 7% means RE prices are headed down. Well, 9.3% and we’re only at the first year of a nasty contraction. If you think Mr Mortgage is right about the next wave of foreclosures, as I do, then this is a prefect storm for RE prices to really drop in 2009.
Agreed about college towns. Just gotta be able to make a decent living in them.
ParticipantPreaching to the choir on this one. All the data I’ve seen on RE prices in CA since 1960 gives unemployment the number one indicator of price direction. Anything over 7% means RE prices are headed down. Well, 9.3% and we’re only at the first year of a nasty contraction. If you think Mr Mortgage is right about the next wave of foreclosures, as I do, then this is a prefect storm for RE prices to really drop in 2009.
Agreed about college towns. Just gotta be able to make a decent living in them.
ParticipantPreaching to the choir on this one. All the data I’ve seen on RE prices in CA since 1960 gives unemployment the number one indicator of price direction. Anything over 7% means RE prices are headed down. Well, 9.3% and we’re only at the first year of a nasty contraction. If you think Mr Mortgage is right about the next wave of foreclosures, as I do, then this is a prefect storm for RE prices to really drop in 2009.
Agreed about college towns. Just gotta be able to make a decent living in them.
ParticipantPakistan is the “it” country now. Taliban making headway, known nuke arsenal. What else ya need?!
I guess it’s about time we had a full blown conflict that all countries can enjoy. -
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