This is going to be the most spectacular fall of a Nation wince Rome. And we all have ringside seats.
...I’ll tell you what it’s really gonna test:
...the current price of gold and silver.
“Thousands who are paying on time may have mortgages which will remain clouded for the foreseeable future.”
...good point!...and how long before they revolt and say “Screw it...why should I pay on time and in full, when others are getting away with not paying?”
My banker friends also tell me the new FinReg bill has left “air pockets” in their earnings....
Limitations on over-draft and credit card fees has restricted income faster than they’ve figure out how to get it back... maybe, a few people who buy stocks are aware of this ahead of time???