[cgbg]

Two major negative events that are still two or three years away are the due dates for most commercial real estate loan balloon payments and the resetting of those "choose your payment" single family mortgages written in 2005 and 2006.

Those negative events need to play out for a year or so before a recovery can begin. I don't look for "the turnaround" until 2012 at the earliest. If the administration makes enough major dumb (socialist, tax increase) moves they probably could add a few years to that.

[FreedomPoster]

>>I don’t look for “the turnaround” until 2012 at the earliest. If the administration makes enough major dumb (socialist, tax increase) moves they probably could add a few years to that.

That’s pretty much how the Great Depression came about. Poor moves by a Republican President at the beginning of what should have been a 2-3 year recession, followed by a Dem President and Congress going to town with lots of socialism, turning that 2-3 year recession into a decade-plus long Great Depression.

I get a little depressed looking at how it appears history is likely to repeat itself.

[B4Ranch]

I have been seeing signs of failure to pay commercial real estate loan monthly payments, let alone the balloon payments. Keeping up with labor costs is proving to be too much for some firms.

[B4Ranch]

You haven’t mentioned anything about the upcoming failures of Mexico and Canada. When their manufacturing/labor markets collapse, the Amero dollar will be rushed in by the O Saviour to resuscitate the financial markets.