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12/30/10

Economic, Social and Geopolitical

Mortgage Foreclosure Tsunami...

Delayed and forestalled Double Dip will occur in 2011

 http://www.youtube.com/watch?v=Ze9MyGB2tBc


Reference:
"Home Prices Are Still Too High" by Peter D. Schiff WSJ (subscription required) http://online.wsj.com/article/SB10001424052702304173704575578190261574342.html

"Dr. Doom Predicts Another $1 Trillion In Housing Losses" [Nouriel Roubini] NYT
http://dealbook.nytimes.com/2010/12/06/dr-doom-predicts-another-1-trillion-in-housing-losses/?ref=foreclosures

"US mortgage foreclosures rise sharply" FT.com (subscription required)
http://www.ft.com/cms/s/0/3825f4b8-1387-11e0-a367-00144feabdc0.html#axzz19iRnoxL6