Slimebeast said:
NJ5 said:
1- USA debt is still too high so no problems have been solved. The USA government is just postponing the time bomb (as politicians like to do).
2- Interest rates are going up despite the gov's efforts, which will drive house prices even lower.
3- The banks are still under capitalized. Remember those "stress tests" that they did? They assumed a worst case of 9 something % unemployment, it's already more than that and still going up.
This is nowhere near over. The news channels are trying to paint a rosy picture but it's just the same old BS.
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With 'USA debt' do u mean the negative trade balance or negative government budget?
Why u always so pessimistic NJ5? What happened to Sony's bancrupcy and the danger of swine flu lol. ^^
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I never said Sony was going bankrupt or that swine flu would be very dangerous. Maybe you misread my comments? :P
I was thinking about the debt that is being transferred from the banks to the government, resulting in the government deficits. It's all just shifting the debt around, instead of defaulting on it which would clear it up.
Read this:
http://market-ticker.denninger.net/archives/1113-Household-Finances-Screwed.html
