Just when you thought things were turning the corner...

Just when you thought things were turning the corner...
looks like we could be in for a double dip recession.

Here's why:

#1 While the subprime crisis may be showing signs of
stabilizing, the ARM crisis is just beginning to rear
its ugly head.

According to a recent article:

"The big wave of Option ARM resets has yet to come,
and given the drop in home prices, refinancing won't
be realistic."

Look for more short-sales coming.

#2. Municipal Defaults: yep, local towns and counties
are feeling the pinch with foreclosures and tax
defaults draining their coffers. And when a town
goes broke, it will put their resident's property
even further underwater.

Look for more short-sales coming.

#3. Commercial Real-Estate Collapse: The second
largest chain of malls has already declared
bankruptcy. Obligations needing refinancing
in the commercial market are in the trillions.
And most of them, even with positive cash flows,
are as underwater as residential mortgages. As
these businesses crash, they will cause even
more unemployment.

Look for more short-sales coming.

Are you seeing a theme yet?