Wednesday, October 24, 2007

Mortgage Meltdown

Instead of things getting better, they are getting worse. The battered real estate market may continue its downward spiral past 2009 and beyond. We see no quick fix to this situation.

The global market might begin to recover if the banks sort out their badf loan problem. Which means that many loans will be written off. In fact, many banks might fail in the next few years.

0 comments: