Accounting & Investing Info for San Antonio A & M
Next, Alt A foreclosures. First it was sub primes, now folks losing jobs in the next category are undergoing foreclosures.
Still, we are in the rebound from the March lows in the stock market. I look for a pullback into July and then a rally into the fall in stocks. Expect social attitudes to improve with the administration of course taking credit. Then I suspect we will see another waterfall decline in stocks. The administration will not be taking credit for that…..
Well i think what is also happening that is not talked about is that many people are upset about the lack of help for those responsible homeowners. There is no bill to help them. So they are going to extremes of falling behind on their mortgages just to qualify for the benefits and get better rates.
Another thing is that in places like Las Vegas and California those homes were mostly second mortgages for leisure or were subprime loans.
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Yes I will shortly have a post about
Riding in the Wagon versus
Pulling the Wagon…
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Professor Elam 
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