Sunday, September 2, 2007

Here We Go Go…..!!!!!!

U.S. At Risk Of Recession From Housing

Well i still think that the global die is cast. The cat is well and truly out the bag. There is no way the US govt can bail out 2 million households. And this is assuming that these people want be cast in debt for the next 20 years or more. Many may opt to walk away as they did here in the last crash. The R work is out and it is for real. Any talking and moving by the US govt or FED with postpone the inevitable. Debt is now out in the open, bank mis management is clear to all. This is in my opinion the start of the clear up while trying to avoid a major depression. Will it work?

Posted by waitingfor hpc @ 10:36 AM (1780 views)
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One thought on “Here We Go Go…..!!!!!!

  • Dagenham Dave says:

    No way the US govt. can bail out 2 million households? Why not.Put it on plastic! (snigger)

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