Originally Posted by arglebargle
This website has been cataloguing the collapse of the subprime bubble for a while. I saw it at the beginning of the year, and so am not surprised at the problems. Just a question of how bad it gets.....
I talked about his "sub prime" bubble a few years ago. About how the interest rates would come back to bite our economy. News flash! When banks are dropping their pants to borrowers, that does not mean we're doing well!
This has been going on since, well, right around the 9/11 attacks.
My guess is that it will get pretty bad, considering the housing market as opposed to the actual job market factored in with the current rate of inflation; and the instability of an election year.
My guess would be moderately to pretty darn bad.
Shall we host an episode of "Where are they now"?