One of the biggest topics that I have been studying has been the economic woes. Ever since the housing bubble, I have been studying a group of economists who predicted the housing bubble back in 2006. Today, the are predicting the second great depression. It is very jaw dropping to read their predictions and look at all of the charts. They have predicted the gov't will start taxing the rich. Obama announced this during his state of the Union address. We are so into the red, we will never pull out of this situation. We seem to be riding on a river of gold, but the ship has sprung a hole. We are printing money out of thin air and Obama is requesting even more money. During his first term, it is said that he has borrowed about 5 trillion dollars. This beats the 3.7 trillion that Bush borrowed over his 8 year term.
Once the economic bubble bursts, we can expect interest rates to rise, mortgages and home values to decrease to compensate for the rise in interest rates. Unemployment rates will rise, and the stock market could drop as much as 90%. I have been following this group of economists since about 2006.Here is a link for you all to review.
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Norad. They mentioned in the news this am that the pipeline was blown up by the military to starve people in Hormz of energy. It seem that the government does not care for its people. Less oil on the market is equal to uncertainty and , when this happen, the price of oil rises.
Absolutely politics and corruption. I wonder who will have to die so she can get the position? Such is the low estate to which politics has fallen.
Homes will devalue not only from the economic downturn but from the mortgage settlement deal recently reached.
When do they think the economic bubble will burst? Do they mention where most of the job losses will occur? And what will they do when more people are defaulting on their mortgages?