Hope n' Change. Over 50% Of All US Mortgages To Be Underwater By 2011

[Just Win]

50% Of All US Mortgages To Be Underwater By 2011 Link = http://news.yahoo.com/s/nm/20090805/bs_nm/us_usa_housing_deutschebank

2004 House Committee Hearing

OBAMA'S GONNA PAY FOR MY GAS...

[NCVol]

Are we going to have hyper inflation or not?  If we have hyper inflation, those mortgages will be paid off by a collapsing currency, so you need to make up your mind about the probably course of the economy.  The report is describing a deflationary economy like we saw during the Great Depression, NOT Zimbabwe type monetary collapse. 

FWIW, this is a perfect example of why the Fed LOVES inflation.  The actors in our economy in the most debt have a portion of their debt paid by inflation every year, which is nice.  In deflation, those in debt go further in debt with each drop in price, which is why inflation isn't actually a big worry for the Fed right now, they are desperately trying to engineer some type of it through a Bernanke Helicopter drop.  We'll see who wins - the collapse in demand or the money presses....

[Just Win]

Are we going to have hyper inflation or not?  If we have hyper inflation, those mortgages will be paid off by a collapsing currency, so you need to make up your mind about the probably course of the economy.  The report is describing a deflationary economy like we saw during the Great Depression, NOT Zimbabwe type monetary collapse. 

FWIW, this is a perfect example of why the Fed LOVES inflation.  The actors in our economy in the most debt have a portion of their debt paid by inflation every year, which is nice.  In deflation, those in debt go further in debt with each drop in price, which is why inflation isn't actually a big worry for the Fed right now, they are desperately trying to engineer some type of it through a Bernanke Helicopter drop.  We'll see who wins - the collapse in demand or the money presses....

this is all you need to know about debt.

[roustabout]

Nah, the recession is over.

How about banks borrowing from the fed and then turning around and loaning it back to the gubment at a profitt. And we wonder why banks like 1st Tenn and Regions are not loaning as much and have completely gotten out of indirect auto lending.