If you are looking for something to read this morning, try this:
The New Road To Surfdom
An Illustrated Guide to the Coming Real Estate Collapse.
Harpers
The new road to serfdom begins with a
loan. Since 2003, mortgages have made
up more than half of the total bank loans in
America—more than $300 billion in 2005
alone. Without that growing demand, banks
would have seen almost no net loan growth in
recent years.
Magazine 2006.
Sure it is 2 years old, but who’d of thunk it. People saw this coming 2 years ago….