James Howard Kunstler on the Coming Mortgage Collapse

Jim Kunstler only blogs once a week – but it is always a doozy – here the author of Clusterfuck Nation muses on the state of US finance:

A tsunami of nausea seems to be sweeping across the media now in recognition that the Potemkin edifice of mortgage finance is imploding like a discarded Las Vegas casino. What it comes down to is that several species of newly-engineered financial Frankenproducts have been based on loans for houses that will never be paid back.

Published by <span class='p-author h-card'>Andy</span>

Gay Hoosier Taurus INFJ ex-playwright pianist gymbunny published author in San Francisco.