Trap
09-01-2006, 07:53 AM
The housing bubble is a $10 trillion equity balloon that will explode sometime in 2007 when more than $1 trillion in no-interest, no down payment, adjustable-rate mortgages (ARMs) reset; setting the stage for massive home devaluation, foreclosures and unemployment. ("By some estimates housing activity has accounted for 40% of all the jobs created since 2001". Times Online) July's plunging sales are just the first sign of a major slowdown. The worst is yet to come.
[Only registered and activated users can see links]
The article gets scary at the last paragraphs. And yes, Haliburton is fully funded in building detention camps all around the USA.
[Only registered and activated users can see links]
The article gets scary at the last paragraphs. And yes, Haliburton is fully funded in building detention camps all around the USA.