Just happen to read Dr. Lachman's comments in Financial Times paper. 1)turmoil could cause 10% reduction in home sales for 2007. 2)defaults may result in 500,000 homes being returned, in next 6 months. 3)in the next 6 months, 500bn in adj.-rate mortgages due for 2007.
Remember an old saying (even if it is your front door and back door)when one door closes, another door opens.
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The boys in Finance will fix this.
9/11, Katrina, Iraq, and now subprime, no sweat. Just a slight recession at the end of 2007, then we will pull out.
We will be rich enough to buy that bridge we have always wanted in New York.
Just happen to read Dr. Lachman's comments in Financial Times paper.
1)turmoil could cause 10% reduction in home sales for 2007.
2)defaults may result in 500,000 homes being returned, in next 6 months.
3)in the next 6 months, 500bn in adj.-rate mortgages due for 2007.
Remember an old saying (even if it is your front door and back door)when one door closes, another door opens.
Jim Adams seems a bit demented.
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