All Topics / General Property / R u Ready for a recession

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  • Profile photo of wealth4life.comwealth4life.com
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    @wealth4life.com
    Join Date: 2003
    Post Count: 1,248

    It is said the the difference between the rich and poor is what the know and what they do … I hope you like this video clip if you have not seen it.

    Regards D

    http://articles.mercola.com/sites/articles/archive/2008/04/05/u-s-economy-progressing-to-worse-recession-and-inflation.aspx

    Profile photo of rukruk
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    @ruk
    Join Date: 2008
    Post Count: 21

    thanks for that

    Profile photo of mel_d01mel_d01
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    @mel_d01
    Join Date: 2008
    Post Count: 26

    yes very interesting? just how long can America print money for and decrease interest rates to avoid the problem. Especially when they are spending a reported 1bn a month to fund the Iraq war!

    I am currently living in London and there is a certainly a scare over here what will happen next. Currently there has been 10 or so high street banks have withdrawn  their mortgages from the market altogether. Or coming back onto the market with more expensive products. Also job security could be an issue in coming months.

    But all in all Australia still looks strong at the moment, yeap getting ready to pack my bags to come home by the end of the year.

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