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Almost unbelievably, the sub-prime mortgage bubble is only "half-burst" - and there are bigger mortgage bubbles on the horizon that are going to cause even more devastation. Even harder to comprehend is the fact that the government has engineered a bubble with the taxpayer's money!

Don't believe it?

First, take a look at this video clip from 60 Minutes and see what's in store with the $1.5 trillion or so Alt-A & Option Arm "resets" that are about to start taking their toll (the sub-prime mortgage bubble was approximately $1 trillion in size):

http://www.brasschecktv.com/page/705.html

Then, read this article entitled "The Next Subprime Mortgage Bubble Courtesy Of The FHA" dated September 24, 2009 written by Shah Gilani:

http://www.nuwireinvestor.com/articles/the-next-subprime-mortgage-bubble-courtesy-of-the-fha-53733.aspx

Now, after reviewing the facts yourself, you be the judge about how much so-called "recovery" is going to take place as these bigger bubbles start to burst - in addition to the wave of commercial foreclosures that has already begun!

The sad truth is that these bubbles were caused by those who allowed them to develop (or actually engineered them) while focused on one primary objective: making a lot of money.

The devastation to be caused was, apparently, not a major consideration - and still isn't.

- Ed Smith, Publisher
The EHS Letter Manual