Tuesday, March 13, 2007

Sub prime loans

Lots of rumblings on the housing market and the fall of sub prime lenders over with our pal and early supporter, Monkeyfister. I don't have any real stake in this issue-I rent, and my main investment plans revolve on the question of 6 or 12 pack-but I see a lot of the same economic danger signals.
Remember folks-- As Housing fails, so too do the secondary and tertiary supporting sectors, such as Construction, Durable Goods, Lumber and Manufacturing, and Shipping/Transportation. This implosion is a massive suckhole on or economy. This will not end on a happy note.

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