I have often written and talked about the US housing situation being the Achilles heel of the US economic outlook. This video clip is a particularly cool (or uncool if you are cringing under debt) take on the unfolding saga.

You have read the script, now watch the movie.

[youtube=http://www.youtube.com/watch?v=-rLYph0J7vc]

In short, there is more bad news in the offing before the proverbial fat lady makes her appearance.

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