mortgage: The Bubble....millions will be devastated! - 12/17/12 12:19 AM
Long term lending via the Bond Market (and Mortgage Market) will be crashing in the not too distant future!  All over the world, especially in the US, the UK, Europe and Japan it costs very little to borrow money for the very long term (such as long term fixed rate mortgage loans on housing).
The flip side of that equation is the lender....mortgage lenders and other long term lenders such as pension funds.  Buyers of all types of bonds are lenders.  The small saver that lives on the interest is a lender.
Various Governments, corporations, businesses and home buying mortgage borrowers … (0 comments)