The Coming "Tsunami of Defaults"

"A tsunami of subprime defaults is about ready to sweep the easy society right out of their houses." So writes financial expert and blogger Mike Shedlock. He is a registered investment advisor representative for SitkaPacific Capital Management. He lives in Prairie Grove, Illinois. Shedlock makes his prediction of a "tsunami of defaults" in a posting entitled "The Easy Society." This is not uplifting news, folks, but knowing about this now - and preparing for it - could help you be weather some possibly rough economic times ahead.