Published 2008
Table of Contents:
“…-- Why the world continues lending (most of its savings) to us -- Relying on foreigners: our economic future may be out of our hands -- Our homes: the epicenter of American economic risk -- Real estate, this decade's economic driver, could drive us into
recession -- The negative amortization mortgage loan is born -- Tighter lending standards and no help from the fed -- The
great American equity cash-out is coming to an end -- Financial culture shock: real estate investment can have a negative return -- Our economy: the longest economic boom ever is probably ending -- Balance sheet
recession: we could be heading in a Japanese direction -- Smiling on the lawnmower: affluent poverty -- When the fed cuts rates again, will the dollar finally collapse? …”
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