ericinNE

Housing, Credit, Economy: At an Inflection Point

And a whole mess of those needing to refi in the future are going to be at the bottom of any lenders list to extend credit to, due to their poor credit rating, which made them subprime in the first place. That sword is is going to fall, and continue the housing meltdown for at least 2 more years.

Under The Radar News - Friday

Level playing fields are great and all, but given the somewhat suspect (moral/ethical) value sytems of many of the sovereign-wealth sources, I'd prefer the level playing field that favors the U.S. just a little more than of late. I don't really see the U.S. striving to instigate the tenets of tyranny, through economic manipulation, or any other means. But I do see that as a possible consequence of many near/mid/far east capital injection sources.