THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF

Subscribe to:
Post Comments (Atom)
Popular Posts This Month
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
by Peter Schiff Strike up the band, boys, happy days are here again! Recently released short-term economic dat...
-
Once again, someone Cenk Uygur trying to debate Peter Schiff simply lacks the finance and economics knowledge to do so . The Young Turks al...
-
Peter Schiff : We need to have a Massive Recession and Peter Schiff: Why College Tuition Is So Expensive Lessons from the Crisis: The Limits...
-
The Free Fall of the Dollar : “When the U.S. decouples, the world will thrive,” “The world doesn’t need our consumption, we need their produ...
-
Peter Schiff today directly from Las Vegas will talk exclusively about the minimum wage new law "one of the stupidest laws in active ...
-
by Peter Schiff April 17, 2009 In a speech this week summarizing his administration’s economic policies, President Obama grossly overstated ...
-
Minimum Wage, Maximum Stupidity By Peter Schiff In a free market, demand is always a function of price: the higher the price, the lower the ...
Considering the amount of alt-a and option ARM mortgages that will reset in one and two years (big chunk in 2011, according to data on FED of NY website), I agree with you that the stress tests scenario are far too optimistic. There will be much more foreclosures in the next two years pushing down the home prices more than only 10%, especially considering the huge inventory out there (the REOs hold by banks) and not counted in the official statitics.
ReplyDeleteWe all know from the beginning that this stress tests 'exercise' is just political and that it is designed only to make it sound like the banking system is in great shape, which of course it is not.