If this guy is right I think it would be a good time to get ready for a serious ride like a snow ball headed in to the pits of a volcano or worse. Are you ready, financially or emotionally.
Some (Including this guy) experts have been predicting the second wave of mortgage defaults and foreclosures in the US economy due to strike this year. The tsunami that is coming will include more prime ... and a new crop of sub prime ... loans that were put into motion by Fannie Mae, Freddie Mac... This Expert says.
From this brilliant investors blog.
Jeff Adams the real estate millionaire
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