[TheLion]

Hopefully, the Democrats will have sold out on the way down and will miss the recovery in the markets. BTW, do you know the political affiliation of this source? They read like they are trying to make this a self-fullfilling prophecy. There is lot between these lines. No mention of record refinancing etc. No mention of any good news really.....just askin!

[EVO X]

BTW, do you know the political affiliation of this source? They read like they are trying to make this a self-fullfilling prophecy. There is lot between these lines. No mention of record refinancing etc. No mention of any good news really.....just askin!

Jim is a San Diego republican. You can tell that if you have listened to his internet broadcasts and read a few of his articles. He is a bit of a gold bug, but I don't believe he is "talking the economy down" to sell gold, etc. He is just calling it as he sees it.

[rohry]

"BTW, do you know the political affiliation of this source?"

He's a proponent of the Austrian School of economics. I've already told you at least once that he's no Democrat. Your one-track posts are getting rather tedious.

"No mention of any good news really..."

Tune in to CNBC if you want your good news from the Wall Street cheerleaders. They ignore all the bad news. For example, did they tell you to get out of the NASDQ before it plunged 80%?

[Orion]

No mention of record refinancing etc.

This is a regular feature on FR. The author has previously opined about refi, and how it is compounding the problem. Most of the refis are not going to reduce the monthly payment, but to get the equity out for more consumer spending. The consumer spending will eventually dry up, and JOSE SIX PACK and JUAN Q PUBLIC will be left more debt, higher bills, and lots of misery.

Refis are a bad thing for our recovery.