Agoracom Blog

Mortgage Reset Chart For 2008 – Worst Is Yet To Come For US Financials; Best To Come For Gold

Posted by AGORACOM at 10:02 AM on Tuesday, November 27th, 2007

Good 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

One Response to “Mortgage Reset Chart For 2008 – Worst Is Yet To Come For US Financials; Best To Come For Gold”

  1. […] 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 […]