U.S. Foreclosure Filings Shoot Up -- RealtyTrac [View article]
The whole affair around sub prime loan problems is classic market turbulence. All the failures that will occur as a result of these mortage problems will be to those institutions that had leveraged themselves excessively reaching for high returns in a sector everybody knew would explode, it was just a matter of time. By far the vast majority of these loans were spread out widely and only a few organiations will be exposed to a dangerous level. The losses are real and they are the price usually paid in the end for seeking returns that are too good to be true. Since the public is easily convinced that this problem is a threat to the whole economy the net result will be a sell off of other assets that will provide a great opportunity for rational investors. Then too summertime is the weak period when this kind of thing is apt to produce a greater influence. Wall St sharks will hype the negatives to the moon. Vic
U.S. Foreclosure Filings Shoot Up -- RealtyTrac [View article]
The whole affair around sub prime loan problems is classic market turbulence. All the failures that will occur as a result of these mortage problems will be to those institutions that had leveraged themselves excessively reaching for high returns in a sector everybody knew would explode, it was just a matter of time. By far the vast majority of these loans were spread out widely and only a few organiations will be exposed to a dangerous level. The losses are real and they are the price usually paid in the end for seeking returns that are too good to be true. Since the public is easily convinced that this problem is a threat to the whole economy the net result will be a sell off of other assets that will provide a great opportunity for rational investors. Then too summertime is the weak period when this kind of thing is apt to produce a greater influence. Wall St sharks will hype the negatives to the moon. Vic
U.S. Foreclosure Filings Shoot Up -- RealtyTrac [View article]
U.S. Foreclosure Filings Shoot Up -- RealtyTrac [View article]