The $9.1 trillion bailout price tag – American households have lost $6.8 trillion in residential real estate values while mortgage debt has increased. The banking Stockholm Syndrome. “It takes two to speak truth, one to speak and another to hear.†-Henry David Thoreau For those following the housing boom and bust carefully, the solution to [...]
Posts Tagged ‘home values’
The Current American Debt Picture: Over Saturated and Under Funded; as Unemployment, Equity Deflation and Commodity Inflation Roll On
01
Jun
This is an excellent piece which provides the backbone of the psychological processes which have created the current ‘economic crisis’. This story explains the visible debt reality of the total household mortgage debt versus total American home values; the over-leveraged consumer borrower and equity line borrower who were sold a system of finance based on [...]