Mortgage Reset Chart For 2008 - Worst Is Yet To Come For US Financials; Best To Come For Gold
November 27th, 2007Good morning to you all. If you have any belief/hope/wishful thinking that the worst is over for the US sub-prime mortgage market and its effects on the US financial sector - forget about it. This past July and August were a picnic compared to what is coming next March - October. This Bank of America chart says it all:
Hat tip to Paul Kedrosky for finding it.
Regards,
George
March 5th, 2008 at 9:09 pm
[...] on November 27th I wrote a story titled “The Worst Is Yet To Come For US Financials“. The story was accompanied by the following mortgage reset chart courtesy of Bank of [...]