So America has nationalized about 50% of the housing mortgage market correct?
So if to stabilize the finance industry they are forced to make a choice between nationalizing all of the banks or nationalize the rest of the mortgage market they obviously nationalize the mortgage market.
I wonder how that scenario plas through stock valuations?
That would have to kill the American Dollar, no?
Also debate about interest rates right now. Inflation is already strong yet even lower rates may be needed -- could mean a countering huge run-up in interest rates in a year or two??
Starting to make Japan's last 10-20 years look good by comparison.
Claeren.
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