AfterTheNoise.com - Many good-hearted Americans are always the last to know. For example, in the late 1990s as the tech-stock boom was ready to burst, excited novices were buying and holding obscenely priced equities. As stock prices fell, so did confidence in the Dow Jones Index and NASDAQ.
Then many Americans entered another explosive market – real estate. The zeal for real estate was unprecedented.
But the fact is, many first-time homeowners put themselves in jeopardy by accepting variable-rate loans. These loans were designed to expand the mortgage market by enticing Americans who otherwise could not qualify for a fixed-rate mortgage with their bank.
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Douglas Glenn Clark is the author of After The Noise and T-Bonding with the Trend and teaches simple methods for creating wealth at http://AfterTheNoise.com
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