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  • April 23, 2008 at 11:59 AM #193380
    SHILOH
    Participant

    As the US continues to get poorer, Schiff states he expects Asian countries to prosper. These global markets are so interconnected, if the US can’t afford to buy their products….won’t that impact the Asian (ie China) GDP rather dramatically?

    As our own wealth declines, we should pull back on foreign aid and invest that money at home.

    April 23, 2008 at 1:21 PM #193323
    SHILOH
    Participant

    http://www.housingwire.com/2008/04/23/two-thirds-of-california-defaults-end-in-foreclosure-report/

    So far two thirds of default end in foreclosure. I think this clearly means it will get much worse. This was only the first wave and the housing credit lead the way. Next the consumer credit card, car loans, etc…. default.

    April 23, 2008 at 1:21 PM #193352
    SHILOH
    Participant

    http://www.housingwire.com/2008/04/23/two-thirds-of-california-defaults-end-in-foreclosure-report/

    So far two thirds of default end in foreclosure. I think this clearly means it will get much worse. This was only the first wave and the housing credit lead the way. Next the consumer credit card, car loans, etc…. default.

    April 23, 2008 at 1:21 PM #193381
    SHILOH
    Participant

    http://www.housingwire.com/2008/04/23/two-thirds-of-california-defaults-end-in-foreclosure-report/

    So far two thirds of default end in foreclosure. I think this clearly means it will get much worse. This was only the first wave and the housing credit lead the way. Next the consumer credit card, car loans, etc…. default.

    April 23, 2008 at 1:21 PM #193396
    SHILOH
    Participant

    http://www.housingwire.com/2008/04/23/two-thirds-of-california-defaults-end-in-foreclosure-report/

    So far two thirds of default end in foreclosure. I think this clearly means it will get much worse. This was only the first wave and the housing credit lead the way. Next the consumer credit card, car loans, etc…. default.

    April 23, 2008 at 1:21 PM #193440
    SHILOH
    Participant

    http://www.housingwire.com/2008/04/23/two-thirds-of-california-defaults-end-in-foreclosure-report/

    So far two thirds of default end in foreclosure. I think this clearly means it will get much worse. This was only the first wave and the housing credit lead the way. Next the consumer credit card, car loans, etc…. default.

    April 23, 2008 at 1:50 PM #193328
    desmond
    Participant

    if the US can’t afford to buy their products….won’t that impact the Asian (ie China) GDP rather dramatically?

    They can use us for cheap labor.

    April 23, 2008 at 1:50 PM #193357
    desmond
    Participant

    if the US can’t afford to buy their products….won’t that impact the Asian (ie China) GDP rather dramatically?

    They can use us for cheap labor.

    April 23, 2008 at 1:50 PM #193385
    desmond
    Participant

    if the US can’t afford to buy their products….won’t that impact the Asian (ie China) GDP rather dramatically?

    They can use us for cheap labor.

    April 23, 2008 at 1:50 PM #193400
    desmond
    Participant

    if the US can’t afford to buy their products….won’t that impact the Asian (ie China) GDP rather dramatically?

    They can use us for cheap labor.

    April 23, 2008 at 1:50 PM #193444
    desmond
    Participant

    if the US can’t afford to buy their products….won’t that impact the Asian (ie China) GDP rather dramatically?

    They can use us for cheap labor.

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