PETER SCHIFF
Subscribe to:
Post Comments (Atom)
Popular Posts This Month
-
as you may have noticed it this morning many blogs hosted on blogger including mine were reporting this strange Error bX-r1ezpk ... fortuna...
-
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...
-
Peter Schiff on CNBC Fast Money 9_8_10
-
Peter Schiff Goes Toe-to-Toe With Alan Blinder, Jim Bullard Peter Schiff reconfirms that Gold is not yet a bubble even at $1150 , it is sti...
-
"Central banks are corrupting the financial system by cutting interest rates to such a low level" "America will be hated for ...
-
Stossel's Myths: Is Oil Truly Scarce? Is Peak oil just another media myth ? Are we really running out of oil, or are we just lazy in our...
-
President Obama delivers his weekly address to the nation announcing many cuts in the federal budgetWhat do you guys Think of this ???
-
Peter Schiff From Orlando Florida criticizes the Obama administration economic policies " The Best thing that governement would do in t...
-
Peter Schiff Discusses Gold Prices and why he believes that gold was always considered as solid and save instrument. Many Countries cu...
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.