Banksters are gangsters.

Posted on Jan 23, 2010 by in Free Letters

http://www.marketwatch.com/story/fund-manager-sees-another-crash-in-home-prices-2010-01-19

I wanted to call attention to this article because I thought it had some fundamental facts which I think will affect the market at some point in the future.  But as Forester remarked the timing is difficult.

I think that what we have seen in foreclosures is the tip of the iceberg.  Over the next couple of years we are going to see 3,000,000 houses in trouble, if not on the market and foreclosed.

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