|Alt-A and tents.
||[Aug. 2nd, 2009|07:12 am]
Alt-A mortgages are going to hit the fan in the next 12 months. (http://www.bloomberg.com/apps/news?pid=20601109&sid=arb3xM3SHBVk and http://www.housingwire.com/2008/12/15/fitch-alt-a-mortgages-deteriorating-more-rapidly-than-expected/)|
Also, according to the article below 1,500,000 Americans will run out of unemployment benefits.
It's getting to be a perfect storm. =(
Still, the unemployment figures are going to drop really fast as these people fall off the recording books - woo hoo! Er, wait...