Quote:
Originally Posted by CunningStunt
Are you worried yet?
Who thinks the US is out of the woods?
The world over, we are in the eye of the storm, and it could easily get much worse before it gets better.
What do you think has happened to that Toxic Debt? It's STILL THERE. It wasn't written off. It doesn't just go away.
I predict trouble ahead.
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The toxic debt is getting worked out. People are losing their homes, refi ing etc. The banks did write it off that was the reason for the huge losses. And don't listen to the hype. Toxic makes it sound like it is only going to get worse but real estate has already started to firm up and every few percent rise helps the "toxic debt".