Quote:
Originally Posted by CWeb
Think you may be right Barefootsies...
It's that iceberg that may turn out to be very bad news - and seriously doubt the worst is known about yet.
I have casual chats with an old guy who is responsible for managing a lot of investment value for US folks - got a wealth of experience and he "knows" the markets/economy backwards. At lot is common sense, but on other stuff he just does not like the look of future years. The ripple effect of about 20 of his top economy measuring tools end up having a massive effect and causing everything from unemployment increases to staggering credit card debts on a personal basis. Don't sound a happy scenario ahead  |
That sounds about right.
I am looking at some real estate options later this year, and between banks and interest rates, and the housing glut, and adjustment of prices among other financials. It sounds like a lot of them are saying to wait out the storm because it's going to get worse.
