Featured in Richard Suttmeier’s Stock Strategies Blog on EQUITIES Magazine Website
Richard Suttmeier’s latest post,”Housing and Banking Set to Lead Another Economic Wave Lower”, summarizes comments on the Housing and Banking Sectors by Elizabeth Warren, the Top Cop of the Congressional Oversight Panel, and Bank Failure Friday resumes.
Suttmeier draws comparisons in the risks that both he and Elizabeth Warren have been talking about in relation to Housing and Banking since April 2006. Both Warren and Suttmeier agree that the housing market is getting worse not better as foreclosures go up 5% in the third quarter. With foreclosures outpacing mortgage modifications two to one, one can expect to see ten to twelve million foreclosures by the time “The Great Credit Crunch” ends.
To add fuel to the flame, Bank Failure Friday returned with the 99th failure of the year after a week off.
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About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
About EQUITIES Magazine:
Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.
