Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Wednesday, July 22, 2009
Dollar to fall much more
Louis Navellier, editor of Emerging Growth, tells why the dollar could go straight down and what that could mean for the US economy and stock market.
5 comments:
Anonymous
said...
I am scared. WE deserve it but the children don't.
What is clear is that China is deeply in a development bubble and housing bubble with housing prices rising weekly by 1-3%. China has solely risen the global GDP in spite that global contraction is occurring. Spending is slowing down, therefore, China will have over supplies of goods forcing down prices, which will lead to unemployment and housing foreclosures.
As many writers/posters/bloggers now point out, don't EVER think this tremendous debt will be something that generations after us will have to face and that we won't.
HAHA,HA HA HA!
The future in NOW folks. The S... is NOW starting to hit the fan.
5 comments:
I am scared. WE deserve it but the children don't.
One question: When was this video made ? The EUR/USD is currently at 1.42 but in the video there's talk of a EUR/USD rate of 1.35.
Video was posted to Youtube on 20 July, but link to source shows that it was created on 25 June
What is clear is that China is deeply in a development bubble and housing bubble with housing prices rising weekly by 1-3%. China has solely risen the global GDP in spite that global contraction is occurring. Spending is slowing down, therefore, China will have over supplies of goods forcing down prices, which will lead to unemployment and housing foreclosures.
A further fall in the dollar's value will occur.
It is just a matter of time.
As many writers/posters/bloggers now point out, don't EVER think this tremendous debt will be something that generations after us will have to face and that we won't.
HAHA,HA HA HA!
The future in NOW folks. The S... is NOW starting to hit the fan.
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