the real collapse is that no one knows what a given piece of credit paper is really worth.....
unless you try to sell it on the street corner at 5 pm on a Friday....you'll never know
silly me....I just couldnt figure out why a 3 bedroom dump costs $2 million
I need to hire a Swiss economist
http://homes.realtor.com/search/listingdetail.aspx?pg=28&cmid=1076944&typ=1&sid=58cda227cf334eaca995143076e0016a&lid=1087860781&lsn=274&srcnt=343#Detail
no..just that the Fed. will reopen the discount window....in others words, firehose more money at the problem.....
the dollar dropped and gold reversed higher.........
insurance funds likely wont cover the cost of rebuild....
much less skyrocketing insurance premiums if ins. can be had at all....
just ask fla. and louisiana coastal property owners