09.10.2008 - Economic indicators signal a major collapse ahead
From Seeking Alpha: Last week's 700 plus point drop in the Dow seems like a distant memory and a much bigger sequel looks to be in the works. The world has caught up to the US, and the domestic credit crisis has officially become a global one. Who knew that struggling home owners in Flint, Michigan facing foreclosure due to ARM resets could impact the financial well being of people living in Seoul, South Korea, so heavily and so quickly? The doom and gloom news is pervasive in the media today and here are some that have really got me worried:.... Full Article: Source
Print