Homestead mailing list

[Don Bowen KI6DIU <don.bowen AT earthlink.net>]

At 9/20/2007, you wrote:

> Marie:"I don't think the problem is too much information. I think it ia no
> response from our government to the horrible problems we face. "

The housing bubble injected a lot of bad loans into the financial 
system.  It is so bad that few institutions know just how bad their 
portfolio really is.  There is little the governments can do and what they 
little they do is nothing more than tinkering around the edges and most of 
that wrong.  Mortgage defaults are reaching record numbers as we approach 
the next major round of resets in November.

England had its first bank run in over 100 years.  The Dollar is at an all 
time low against the Euro at $1.407 and way down against other 
currencies.  The Canadian Dollar is almost at par with the US Dollar at 
$.9987  Gold is over $745 and oil is just under $82.  December corn is 
$3.7125, Soybeans at $9.90 ,and Wheat at $8.53.  Middle class wages have 
been stagnant since 2000.  The total bill for the fiasco in the sand could 
easily top $2T.

The next few months may be interesting times.


Don Bowen              Awl Knotted Up                       KI6DIU
http://www.braingarage.com