Real Nasty, Real Fast

According to the NY Times this morning folks with previously good credit are now having trouble paying their mortgages.  If that is true – and who am I to challenge the truths written by the Times – this is very bad news indeed.  This could be a prelude to an even deeper downturn in housing values that will have serious economic consequences.  Honestly folks I think we should all go out and get some mattresses.  I fear things are going to get real nasty, real fast.

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