In case you’re wondering when the madness might end, take a look at this chart (source: Agora Financial). It shows the total dollar amounts (in billions) of ’07 and ’08 ARM resets:
So, it looks like the fun is just beginning. But hell, who cares – our SUVs still work, and they get us to Wal-Mart. And there’s still tons of cool stuff on the shelves for us to buy with our platinum Visas.
Whee!! Euros or gold, anyone?