Is it still coming?
or have they already sold enough books?
2007-02-15 20:21:36 · 8 answers · asked by Anonymous in Social Science ➔ Economics
WELL IF IT IS COMING, WHY IS WALL STREET NOT TAKING CAUTION???
2007-02-15 22:35:11 · update #1
Hey Ed,
Don't forget we are running out of oil, also. Not to mention the impending global cooling.
Just be thankful that we don't wake up every morning believing the worst in everything. They must not be very happy people.
.
2007-02-16 00:28:26 · answer #1 · answered by Zak 5 · 0⤊ 0⤋
The US is facing a potential depression, the Federal reserve carries on printing money on promises - the gold (which money is a promisory note for) doesn't exist in that amount. The US has a 3 trillion dollar defecit. As countries start to trade in the euro this causes furhter stress on the US ecenomy. Insolvency and defaults on mortgages are on the rise. Give 2007 a chance, there is a depression coming, however economy is currently bouyed by spending and debt, when this stops the crap usually hits the fan. Obviously this is a very basic answer!
2007-02-15 21:15:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Oh it's coming alright. As soon as China decides to exert it's huge political inluence caused by flooding our markets with cheap goods, as soon as China decides to quadruple the prices (like the Saudis did with oil in 1973) the Depression will come. It may not be in 2007, but it is as inevitable as night follows day.
2007-02-16 02:43:52 · answer #3 · answered by baldyphil 2 · 0⤊ 1⤋
lots of folk cry related to the top of the international, sky is falling, Armageddon etc. etc... there have been each form of dire predictions related to the turn of the millennium in 2000... each and each physique of those predictions disappear after the form whilst proved fake.. generally with some form of excuse for postpone via the predictor...
2016-10-02 05:48:08 · answer #4 · answered by kampfer 3 · 0⤊ 0⤋
I heard on CNBC to day that is going to happen in 2008. A new set of books will be out soon.
2007-02-16 02:24:13 · answer #5 · answered by meg 7 · 0⤊ 0⤋
It's still amassing in the Atlantic.
2007-02-16 00:21:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Check your bank account and ask your self if your depts are comming down or going up then check your mortgage interest rate its predicted rises and ask if you could pay them. good luck
2007-02-17 10:36:32 · answer #7 · answered by Anonymous · 0⤊ 1⤋
I don't know about you guys, but I feel quite cheery...!
2007-02-16 02:43:00 · answer #8 · answered by Simon C 3 · 0⤊ 0⤋