Irate Only Loans POP '07: Where's profit in consumer/economy drying up 08?
Things look rosy now because folks are hiding behind corporate liquidity and the fact that everyone has a job.
The problem is, "everyone" (30%) has an irate only mortgages about to pop to double the cash flow, taking 12 to 25K out of everyone's pocket in the next year, if it doesn't tank the housing market completely next year when a bunch foreclose, and take the housing and financial industry with it.
That will shrink consumerism to zilch, where do I put my money to take advantage of that and why? Wht stocks are the most vulnerable to a downtrend and why?
Who has some answers and some posts that set us up for the contrarian downturn folks are talking about under the table and now growing with every foreclosure?