patient renter wrote
"..."What happens if people get angry enough to stop paying their credit card debt, stop getting that car loan, walk away from the underwater mortgage. J6P can end the game. Don't think he will, but he could...."
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what happens when many of the 30 million americans who have paid off their houses, no longer have jobs and face being thrown out onto the street by the property tax collector
we have been hemorrhaging jobs for going on a decade or longer and the future looks worse
http://www.ritholtz.com/blog/2009/08/zero-10-year-us-job-creation/
where are the jobs going to come from after the "recovery" where, what sector, what industry