Livinglies's Weblog

Any questions about the fundamentals of our economy? This is the result of driving consumers to pay for goods they don’t need or want with money they don’t have, and then covering it with equity from their house which is now vanishing before their eyes.

Filed under: bubble, CDO, currency, Eviction, foreclosure, GTC | Honor, inflation, Investor, Mortgage, politics | Tagged: consumer debt, consumer spending, savings, spending |