More and More Bad Mortgage

The subprime news has past, but the bad news on mortgage has not. Some have suggested that it could be the case that the collapsing mortgage market is enough to tip the boat of stability. We'll see but consider this.

The trapped money will be written off at the end of the year. The effect on stock market and dollar can be very severe. The stock market’s presumed liquidity will be in the negative, as people demand redemption of funds at the end of the year.