ArnoldCountry

Loan Delinquency Data Suggest We're Nowhere Near a Great Depression II

Its all like a big oceanliner out in the ocean that needs to make a left turn.... the process is slow and not an immediate turn... we are at the beginning of the turn. I am not a doomsday person, but I do not think the worst is here yet. It will get better afterwards. I see way too much focus on everyone telling the public that things are not that bad... go back in time to Jan. 08 to Jul 08, when Indymac got seized... no rescession. Remember?

Today it was announced that we have been in a rescession since Dec. 07...

More focus on softening the landing is necessary... telling us that a depression is not hear just does not mean much.