Thursday, Jul 03, 2008
L.A. foreclosure chart looking "like a ski jump"
Los Angeles Times: Peter Viles on the rapidly changing landscape of Los Angeles real estate market and beyond
This should send shivers down all of your spines. It confirms that the sub-prime fiasco has only just begun. As has the bank bail outs, inflation and currency crisis. Expect an Iranian war to be used as cover for the crisis.
Posted by planning4acrash @ 09:41 PM (354 views) Add Comment
4 Comments
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1. drewster said...
"Looks like a ski jump". What does that mean? A ski jump goes down a long way then has a little up-turn at the end. Does he mean foreclosures have been falling for a long time and have just ticked up a bit?
2. planning4acrash said...
A ski-jump has an exponential fall before the sportsman is ejected from the system. Sounds just like the sub-prime fiasco. (not crisis, fiasco).
3. gardeniadotnet said...
That's Peter Viles aka Eddie the Eagle.
4. drewster said...
Encyclopędia Britannica: Ski jump