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EarlyOne

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EarlyOne

Re: dickmilde post# 40141

Sunday, 06/28/2009 8:49:55 AM

Sunday, June 28, 2009 8:49:55 AM

Post# of 195530
Given the current job market (about 600,000 jobs lost per week), IMHO, there will be a lot more mortgage defaults as the jobless run through there unemployment benefits and savings (if any). This could get a lot worse.

Remember the FED is artificially holding interest rates down even though market forces are tending towards higher rates. Digital money costs the FED nothing to create, but how long will the world tolerating digital printing of money.

All IMHO,
Mike
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