Sub-Prime Losses and Housing Bubble Could Cost $1 Trillion…

(From Forbes.com)
The bill for securitization of credit and the meltdown of subprime mortgages and other collateralized debt obligations ratchets up to $500 billion. The end is nowhere in sight. We may be looking at a final reckoning approaching  a trillion bucks. To paraphrase the late Illinois Sen. Everett M. Dirksen, “A billion here, a billion [...]

Housing Price Rebound…How About 2011 As ARM Resets Remain High Thru To 2012…Job Losses Will Keep Economy Weak

(From NakedCapital.com)
The report Tuesday of worsening conditions in the auto market has led to a deepening of gloom on the employment front. Many private sector forecasters now expect workplace conditions to weaken well into 2009.
In fact, these forecast might prove to be optimistic. Housing will probably not bottom before 2010 at the earliest, and given [...]