Thursday, August 13, 2009

New Record For Foreclosures in July...

up 38% from July 2008 and 7% from last month. This data adds support to my view that a big foreclosure wave is building - especially in the prime mortgage/expensive home category - that will crash down on our credit system before the end of this year. From

Note The Government's Inability to Contain This

At some point the stock market will have to reconcile with the reality in the underlying economy. It will not be pretty. Prepare now and take advantage of this bear market rally by moving your money out of stocks and into the precious metals sector. The best-warned is forewarned.

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