RE: Dear Comrades In Golden Arms,
The way I see it, major job loss is coming this winter....
Six to nine months after that, there is going to be a certifiable tidal wave of home forclosures....
I'm thinking trillions and trillions of dollars worth of foreclosures....something like 1 in 10 or 1 in 15 homes in the United States will fall into foreclosure....
What then?
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People expect things to return to normal in 2010. That is a fairy tale.
The Fed has only started creating money for bailouts. You saw what happened when they stepped away from Lehman. If you say you didn't look out the window.
All these bailouts and Federal guarantees on credit items constitute a white wash on a falling economic structure going out of control and soon.
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