NJ5 on 13 June 2009
1- USA debt is still too high so no problems have been solved. The USA government is just postponing the time bomb (as politicians like to do).
2- Interest rates are going up despite the gov's efforts, which will drive house prices even lower.
3- The banks are still under capitalized. Remember those "stress tests" that they did? They assumed a worst case of 9 something % unemployment, it's already more than that and still going up.
This is nowhere near over. The news channels are trying to paint a rosy picture but it's just the same old BS.
My Mario Kart Wii friend code: 2707-1866-0957
