|
| Got to agree. All they have done is protected "liquidity" by keeping bank loan rates lower with extra cheap cash loans, which means they haven't addressed the underlying shortage of EARNINGS to pay the MORTGAGE with. The companies have been having good earnings, but oil is over $80/barrel now. These costs have to hurt bottom lines sometime soon. And the lower house values mean no more "equity loans" to spend on speed boats and jet skis.
FWIW
Art | |
|