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20 March 2008



the "mortgage crisis" has put us in a "spiral" even though it is about 4% of the US economy. In Denver it's a big deal, since no one is buying or selling or trying to build homes (cf Las Vegas, hell even hartford). Of course, the banks shouldna been pushing ARM's, the buyers didn't know any better...giving out ARM's is a problem, now after the fact (and after repeated foreclosure problems in the banking industry going back to 1990 and beyond) NOW they want a solution with further devaluating the weak dollar. I'm gonna buy pesos.

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