How many bills does it take to get sheeple to jump over the cliff?
We are in a de Facto State of War with the Banks The Final Post
We now sit on top a powder keg known as Alt-A mortgages, primarily made up of Option ARM and 5/1 ARM mortgages. It is a ticking time bomb. The banks know it. The Obama Administration knows it. The Fed knows it. Yet they can do nothing to extinguish the fuse. The bomb will go off. It’s timer is set for sometime before, during, or after 2011.
Red Alert: The Second Wave of The Financial Tsunami Global Research
The Prelude to the End Game
The US economy will be spiraling out of control in the coming months and will reach critical point by the end of the 1st quarter 2010 and implode by the 2nd quarter.
The massive US$ trillions of dollars stimulus has failed to turn the economy around. The massive blood transfusion may have kept the patient alive, but there are numerous signs of multi-organ failure.
There will be another wave of foreclosures of residential and more importantly commercial properties by end December and early 2010. And the foreclosed properties in 2009 will lead to depressed prices once they come through the pipeline. Home and commercial property values will plunge. Banks’ balance sheets will turn ugly and whatever “record profits” in the last two quarters of 2009 will not cover the additional red ink.
The Fed Is Bailing Out Every Bank In The World The Business Insider
The longer this imbalance goes on, the more likely it is that it will end in tears. And the irony is that a recovering world economy could be the catalyst.
Manic-depressive Stock Market Inviting a Black Swan Event? The Market Oracle