Can anyone say, "Subprime mortgage meltdown?" I know SOMEONE is making money on this whole mess.
I made money on it, not as much as I would have liked, though. It wasn't that hard to predict the housing bubble would collapse. As soon as you hear that mortgage lenders are giving loans higher than appraisal values, you know housing prices are going to collapse. Saw it in '98, saw it in '07, and will probably see it again in '16. The other sign is when more than half of the month-by-month office suites in Las Vegas, Los Angeles, or Miami are occupied by mortgage brokers and real estate agents. The tough part was timing (it's a bit like the end of days prophecies--what's a millenium or two among friends?).
We'll know when the recession has ended when guests on CNBC stop saying that the worst is behind us and it's smart to buy mortgage-backed securities or financial stocks at "bargain basement prices."
Just wait until the Chinese stock markets crash later this year, that's when the real fun will begin. And yes, that will be the joos' fault, too.
Pour out thy fury upon the heathen that know thee not, and upon the families that call not on thy name.... Jeremiah 10:25
Income taxes
Harry Potter
Furries
Belgium
France
Convents
Unwed teenage pregnancies
The insurgency in Iraq
A few from my husband, Mr. Whitford...
Light beer
Designated hitters
Fuel-efficient cars
Home perms
The murder of Gianni Versace
Most Hollyweird fashion
Metric tools
Posted via Prayer
1 Timothy 2:13-15 For Adam was first formed, then Eve. And Adam was not deceived, but the woman being deceived was in the transgression. Notwithstanding she shall be saved in childbearing, if they continue in faith and charity and holiness with sobriety.
Universal health care
Woodstock
Monterey Pop Festival
The metric system
New York City
John Denver
Fidel Castro
Hebrew National hot dogs
Unitarian Universalism
Director of European Evangelical Outreach A Shining Example of Christ's Love Quite possibly the only decent, heterosexual human being in the whole of Europe
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