gnosis988

Fantasy Housing Numbers a Prelude to the Next U.S. Crash

Talked to a business partner who is deep in the real estate business, works with banks, escrow companies, etc. Confirmed that banks are holding onto millions of foreclosed units and not releasing them into the market. They know it would flood the market and cause a collapse. But new accounting rules do not require a mark to market, so they hold it... but early next year, they will have no choice but to start releasing some of the units. Many of these are from conforming loans in better neighborhoods.

LDK Solar: Not Worth the Risk

Playing the old Barron's game -- rehashing an old artle. This was originally posted Jan. 4 on a different blog. Great responses the first time as well. See www.todaysfinancialnew.../

PV Industry in Oversupply in 2008

I wonder if you looked backwards at 2007, what would you find? I bet that you'd find gross "overcapacity" compared to demand as well, but we all know what really happened.