Wednesday, April 30, 2008

Market Ticker: Caution: Mortgage Explosions Just Starting (And More)

The simple message here is the national economic fabric is continuing to
unravel and we have not seen anything yet. They plan to rewind ..and not to
be kind. This is kill the bit players ..by their own description.

An early warning that this is far from over may offer us some protection.

But economically this analysis is disturbing to me by the description of the
breath of the problem and the damage that maybe inflicted.
Also, if i am understanding the implications of the Fed's and the government
treasury responses they maybe making it even worse as they are definitely
protecting the big players.
http://market-ticker.denninger.net/2008/04/caution-mortgage-explosions-just.html


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