Etz

PIMCO: We're in the Middle of Housing Downturn

Some fuzzy logic here.

"Weaknesses like those in the market for subprime mortgages issued to borrowers with weak credit will not threaten the broader financial markets, these experts say, because the world economy is growing, corporate profits are rising, and consumers with good credit are not defaulting at high rates."

And who exactly are these experts?

Middle???? No dear, the party just started...