Peter Blane

Ever wonder if we are making progress with the mortgages?

Time for a mortgage crisis update! *lightning flashes and thunder rolls*

Sounds like what I mentioned about consumer confidence (CPI), unemployment, the uptick in construction, and the double dip recession camp I’m currently in is being proven.  This article mentions that since government aid is set to run out soon for people purchasing homes, and, therefore, will cause the already high foreclosure rate to increase.  So, since the dollar is now backed by toxic assets and the government is cracking down on credit card companies, get ready for another dip in the stock market and for a “frost” to set in on credit.


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