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Loan Modification

: Mortgage Lender Implode-o-Meter

Dave?s Top 10 Reasons to Fade the Recovery (It?s Not a Business Cycle!)

By Implode-Explode Heavy Industries

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"This is NOT a business cycle: this is a one-time reversal of twenty years of inflation of the household balance sheet. An aging populationneeds a 10% savings rate (at least) to meet minimum funding requirements for the biggest retirement wave in US history (comparable to Japan?s retirement wave during the ?lost decade? of the 1990s). With 17% effective unemployment, many Americans are dis-saving, after a $6 trillion shock to home equity."

Full post as published by Mortgage Lender Implode-o-Meter on February 24, 2010 (boomark / email).

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