Monday, May 17, 2010

Banks Ignore Delinquent Borrowers

Is the government so desperate that they are telling the banks to NOT foreclose? Is the so-called `recovery' nothing more than people spending the money they used to pay to keep current on a mortgage? Or, is the slight uptick in eating out being driven by the same reason (or is it that some folks will eat out a time or two in lieu of not taking a vacation)? --- Anyway, this link says to count in YEARS the time frame before housing even begins to hint at a recovery. http://www.cnbc.com/id/37131956

In other news - Man Tells Cops He Pays College Tuition With Pot Sales - http://www.tokeofthetown.com/2010/05/man_tells_cops_he_pays_college_tuition_with_pot_sa.php 

More on the rumbles about a BIG market crash coming - Dow to Tumble Near 4200-5000 by Mid-2011: Strategist - http://www.cnbc.com/id/37065807 RHP

Oh, you remember that big deal about 290K jobs being `created' last month - well, created is the CORRECT word as almost 2/3 of those created jobs was a statistical adjustment - read more here - The "Real" Unemployment Rate Jumps To 17.1% - http://www.businessinsider.com/the-real-unemployment-rate-jumps-to-171-2010-5 Real data - RHP.

Ready for someone who is mad?



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