Double Whammy….
This is an interesting article that coordinates my losses in General Motors stock with the collapse of the housing industry (my profession). The kind of thing that makes you feel all warm and fuzzy inside. MSN Money - GM’s woes one more blow to housing bubble
“The use-your-house-as-an-ATM-to-live-beyond-your-means stimulus is finished, thanks to the recent de-leveraging/crackup in the bond market. The refi game and the bull market in housing it created postponed the consequences of the largest stock-market bubble in history. Though the Fed and the rest of the government succeeded in postponing the fallout from the massive misallocation of capital that took place in the mania, they have also succeeded in compounding and exacerbating those consequences. Even more leverage was created in the system, as we attempted to speculate our way to prosperity. “