No good rants or other topics of concern, although I was reading about the second wave of foreclosures looming on the horizon when the Option ARMs reset next year and the following. One in ten mortgages is currently thirty-plus days delinquent in this country. And the best is yet to come. Especially since we'll see the lack of liquidity (and subsequent spending) ripple through the economy as consumer and commercial credit continues to shrivel. But my thoughts are drifting and lacking cohesion, so I will stop there.
Saturday, April 25, 2009
Bike
No good rants or other topics of concern, although I was reading about the second wave of foreclosures looming on the horizon when the Option ARMs reset next year and the following. One in ten mortgages is currently thirty-plus days delinquent in this country. And the best is yet to come. Especially since we'll see the lack of liquidity (and subsequent spending) ripple through the economy as consumer and commercial credit continues to shrivel. But my thoughts are drifting and lacking cohesion, so I will stop there.
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