Monday, December 22, 2008

 

A Second Mortgage Disaster On The Horizon?

Please watch this report from 60 minutes. I know that my ranting and raving over the years about the bubble economy having inflated assets has had the opposite effect that I wanted, ignore the loon and keep on making buckets of money on the bubble. Now that the worm has turned it is a little discomforting to find so many mainstream media outlets agreeing with me.

Just remember, the best time to sell is when the trumpets are blaring and the best time to buy is when there is blood in the streets. We will survive this and there will be many blood in the street moments. Be patient.

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