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Reply #4: This, and failing commercial loans also, was predicted a year ago [View All]

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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-11-09 12:16 PM
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4. This, and failing commercial loans also, was predicted a year ago
by Deninnger, who clearly saw what apparently the government could not see...
rapidly increasing unemployment means no money for home or business loans.
And it will get much worse. Ca. is always the bellweatehr of any trend.

I do so much recommend the Market Ticker site, for a peek into the future, and how to prepare for it.
http://market-ticker.denninger.net/archives/P1.html
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  -Mortgage defaults spread as even 'safe' borrowers falter Newsjock  Jul-11-09 10:32 AM   #0 
  - "This is all Obama's fault. Smirk." - xCommander AWOL Bush (R)  SpiralHawk   Jul-11-09 10:47 AM   #1 
  - OMG - Morph of Bush and Dukakis! n/t  kirby   Jul-11-09 08:07 PM   #10 
  - Was that a mad magazine cover?  sarcasmo   Jul-11-09 09:40 PM   #12 
  - Well if people don't have jobs, they can't pay for their freaking houses  high density   Jul-11-09 11:01 AM   #2 
  - It's CA, just pay with IOU! n/t  kirby   Jul-11-09 08:08 PM   #11 
  - Time warp.  PassingFair   Jul-11-09 11:46 AM   #3 
  - This, and failing commercial loans also, was predicted a year ago  dixiegrrrrl   Jul-11-09 12:16 PM   #4 
  - Denninger makes a lot of claims to understand a lot of things...  destes   Jul-11-09 03:27 PM   #6 
  - As far as CRE is concerned, much here in the Bay Area has been empty  Grinchie   Jul-11-09 04:03 PM   #8 
  - "Safe borrowers". Apparently that is nearly an oxymoron these days. In N.C., homeowners  bertman   Jul-11-09 01:10 PM   #5 
  - The Third Wave cometh.  Grinchie   Jul-11-09 03:56 PM   #7 
  - This is not good news.  DCBob   Jul-11-09 04:05 PM   #9 
  - I happen to believe what Robert T. Reich says: no recovery in sight.  caseymoz   Jul-11-09 11:08 PM   #13 
     - I think this time he is right  eilen   Jul-13-09 06:38 AM   #15 
  - I talked Friday with a guy who is walking away from his home.  hunter   Jul-12-09 05:24 PM   #14 
  - well, what did you expect when you furlough state workers?  cap   Jul-13-09 07:26 AM   #16 
  - duplicate  lunatica   Jul-13-09 08:30 AM   #18 
  - University of California employees are facing furloughs  lunatica   Jul-13-09 08:30 AM   #19 
     - Furloughs still hit the mortgages  cap   Jul-13-09 04:29 PM   #20 
  - My question is, who pays the property taxes on these empty houses?  lunatica   Jul-13-09 08:15 AM   #17 
 

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