| 23.12.2008 - Great depression 2009 follows $30 trillion deflation |
| From Marketoracle.co.uk: From a fundamental perspective US consumers had come to rely on borrowing against growing asset prices to sustain their lifestyles. Most of today's globally-interconnected economy was based upon growth in the US consumption. This game has ended badly. Asset dependency will eventually be replaced by living off of income and savings, but not after we escape from this disastrous period...... Full Article: Source |