- Let's hope that we can somehow avoid taking that next exit!
- Hmmm...an update of the upcoming "nobody saw it coming" next leg of the housing / banking swoon???
- The tall green spikes in 2007-08 was the surge in sub-prime mortgages coming up for interest rate resets. We saw the results of that via climbing foreclosure rates, mortgage backed securities blow-ups, bank failures / bailouts, and falling asset values of properties, stocks and commodities.
- The tall yellow spikes coming in the next few months are the Option ARM and Alt-A mortgages coming up for interest rate resets. Will we see a re-run? Dunno. But I do know that the stock market tends to look and respond ahead of what's coming by about 6-9 months.
- The moral of the story: Markets move first then the media invents the "news" to explain why. Or, in other words, the news explaining the move ALWAYS lags behind.
Debunking the Cheap Renewables Myth
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It is clear our bills are going to continue to rise for the foreseeable
future as cheap gas is forced out in favour of expensive renewables.
2 hours ago
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