As I was pondering what I could write about today, it dawned on me that it may very well be time to bring back my post on ActiveRain where I showed that the fact Telenovelas were being used to educate Hispanics on home ownership was forecasting the destruction of the mortgage market. I did that original post, Interesting Way to Forecast the Destruction of a Market, back on January 9, 2007. Shortly thereafter, the subprime market collapsed, followed by the entire mortgage market, along with the housing market's continued demise.

Since Hollywood is batting 1000 on forecasting market collapses, keep a close eye on which industry is being "broadcasted" next as it may be time to get out of that one. Heck, I would probably even start shorting stocks in the companies located in that sector of the economy.

 
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3 Comments on Telenovelas Killed the Mortgage Market

DEC
09
2008

ya se ve que tu vives en Broward County...

and if perchance, they haven't forced you to learn spanish down there, let me know and I'll be happy to translate.

Telenovelas, eh? and here I thought they were all just about big boobs! Actually there is some substance to them. I've had many a family member engrossed in them!

Thanks for the insight Robert!

Gerry Suarez, Jr.

Your FHA Loan Pro!

4:26pm • #1
480,278 Points 151 Featured Posts Outside Blog

Robert... I remember that post well and you and I talking about this. It will be interesting to see what happens next.

jeff belonger

11:50pm • #2
DEC
15
2008
226,742 Points

I read your post, it is an interesting way to look at things I guess time will tell...  GHUL

1:39pm • #3

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Rainmaker_large

Florida's #1 Mortgage Planner

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Robert D. Ashby, CMPS - Solid Rock Mortgage Corporation

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