Monday, January 02, 2006 

The Desert Sun: Year of the 'perfect economic storm' around the bend 2007 will be the year of the "perfect economic storm." It is the year that $1 trillion of adjustable rate mortgages and interest only mortgage loans come due for conversion to fixed rate mortgages...There never has been a number like the $1 trillion to hit our banking system. Never - not even close. [US]
posted by DavidG  @ 11:32 PM 4 comments


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