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Loan Modification

: Mortgage Lender Implode-o-Meter

Cautiously Optimistic Into 2011

By Implode-Explode Heavy Industries

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``I am cautious about this outlook because I still believe the US is in a cyclical upturn within a larger depression. The concept that the structural problems of excessive household indebtedness and an over-reliance on financial services and housing can be solved by money printing and fiscal stimulus leaves me cold. My thesis is that these remedies mask problems only due to the cyclical upturn. If the recovery is not used to whittle the problem away, the next recession will be as bad or worse than the last.''

Full post as published by Mortgage Lender Implode-o-Meter on January 14, 2011 (boomark / email).

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