Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Prepare NOW: They "Get It"; entered at 2010-06-05 12:56:26|
I'm known for being an extreme pessimist but wouldn't a contraction of that size basically fall in to the-end-as-we-know-it-paradigm-shift-land? Banks, States, Cities all failing financially, another 20+% unemployed, etc? I just don't see how it would not cause a death spiral for everyone involved.|
If that were the case I don't think you will care much what happens to your mortgage Scrood.