Running for the exit

Commercial Real Estate is the next ship to sink. And it’s coming, fast and furious. Banks still try to ditch the hole, but the delinquent loans become so numerous that somehow this thing will implode.
You better close the windows when the trouble starts.
One glance at the ProShares Ultrashort Real Estate ETF (ticker: SRS) with components as Simon Property Group, ProLogis and Vornado Realty Trust will tell you the story

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Interesting information

Did you know that…
The Mortgage Bankers Association lifted its forecast for 2009 home-loan originations by $800 billion to $2.78 trillion (the fourth-highest ever) as "a wave of refinancing and low interest rates spur homeowners to seek out new loans."

And banks will see huge profits, because they're charging more for refinancing, and the spread between fixed-mortgage rates and 10-year Treasuries is nearing a 22-year high.

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