Thursday, November 11, 2010

Be careful what you wish for...

We are a Trillion in mortgage debt. We are at the lowest, ever, on record interest rates (except for five months ago) and everyone including the banks and THE bank (BoC) are telling us we are in dangerous waters which such nationally elevated house prices.

'So lets get started already' I hear the bears say. But I say may not be pretty. The US is in the 51st month of it's housing slump.