|
The bad mortgage fallout is only .07% of all house loans in the USA but press is doom and gloom because it's and election year.
There are a few big Banks and hedge funds who got greedy and took on too many sub-prime loans and now they are taking the hits but overall it isn't as bad as the press is making it out to be.
The biggest problem we're going to have is inflation for the next year or two !
Fucking ethanol fuel is stupid and it's causing wheat, corn and sugar to go up 300% the last three months and causing a shortage in many countries.
__________________
|