Look at these projected numbers.....more bad news on the way for the housing market. How many more foreclosures are going to hit the market after those ARMs reset? Do you think Nanny is going to be able to buy up that mess too? Might as well print more bills and sell more bonds (if you can), it's all funny money now.
At about time mark 2:27 Pat Caddell hits the nail square on the head.
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