Skip to main content
No. of Recommendations: 1
http://piggington.com/node/166

Look at the chart. It's a bubble. It is in the process of popping. No financial bubble has ever not popped. The fallout will be much more severe than the Naz pop. Investors bought tech stocks on 50% margin and got burned bad. But they are buying RE at 100% LTV, I/O, neg. am. no doc, etc., locked in for 30 years. The multiplier effect as it reverberates through the economy will be devastating.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.