mkttrdr

U.S. Homeowners Underwater

Thanks for the confirmation, Tom and SA.

This adds proof that this downturn is far from over. Consumer debt and housing were the bubbles, now it's up to the consumer to carry us out by spending more on goods and services(70% of gdp). I Just don't see that happening when you have high unemployment, credit strap citizens, lack of equity and little savings, an aging population, taxes and fees everywhere etc... The printing of money and the creation of more debt will bite us back in the end.