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Reply #4: The "Drama" Is Warranted [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Yavin4

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-22-08 11:16 PM
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4. The "Drama" Is Warranted

You must have your head in the "financial" sand if you believe that everything is hunky dory with the economy,

The U.S. economy is built soley on debt and consumption which is not sustainable over the long run. Currently, we're still working our way through a maze of really bad housing debt which is destroying the financial sector.

The Asian markets are trading higher because the Fed's easing helps the financial sector in short term, but this won't last as mortgage resets are still occuring.

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