To: sourcery
if the economy does not rebound soon, the Fed will lower interest rates further and will intensify its monetary pumping. This, however, will only further prolong the economic misery. He left out the big hitter, depression.
Interesting scenario. There is one big item that is not even mentioned, Mortgage Debt.
What role will this interloper play. It's certainly not the same as 29 with this factor.
Anyone want to take a slice at that ?
4 posted on
04/20/2003 5:42:21 PM PDT by
imawit
To: imawit
"Anyone want to take a slice at that ?"
When forclosures start snowballing and there is no sale for them by the banks they will be turned over to HUD.
My fear is that HUD won't sell or auction them off but will keep them and they will become low cost housing.
Deep down I suspect that this has been a government plan for many years in the making and that the ultimate goal is to have almost everyone living in government housing, dependant on government and therefore guarnteed sheep for a socialist america!
19 posted on
04/20/2003 8:06:30 PM PDT by
dalereed
To: imawit
" It's certainly not the same as 29 with this factor."
The details are never exactly the same. This fact facilitates bullish rationalization, guaranteeing the gross mistakes will be the same.
33 posted on
04/21/2003 9:03:25 AM PDT by
Tauzero
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