With what's going on in China, and the risk of the Euro failing...
The banks can't lower rates like the last time this happened to help stimulate economic activity. You're going to see almost no capital expenditures by companies and there will be no new jobs created, and you will likely see increases in unemployment.
http://fortune.com/2016/01/13/analyst-here-comes-the-biggest-stock-market-crash-in-a-generation/
Subprime lending is still going on, which is what caused the housing market collapse. The Omnibus Bill is ending programs that help ease the books of the banks and allow the large numbers of homeowners in default to stay in their current homes temporarily. These mortgages are actually going to be due at some point, and the banks will take the homes back. This is going to be another disaster that crushes your property values.
http://www.nationalreview.com/article/429588/mortgage-default-and-fannie-mae
http://realmoney.thestreet.com/arti...gacy-issues-leave-hangover-banks-and-builders
This garbage drives me insane. I graduated from college recently and these idiots running the global economy have no idea what they're doing. This is a global economic response to governments intervening in their economies and one party in this country is going to nominate a self proclaimed Socialist if the front runner ends up in prison where she belongs. Unbelievable.
The banks can't lower rates like the last time this happened to help stimulate economic activity. You're going to see almost no capital expenditures by companies and there will be no new jobs created, and you will likely see increases in unemployment.
http://fortune.com/2016/01/13/analyst-here-comes-the-biggest-stock-market-crash-in-a-generation/
Subprime lending is still going on, which is what caused the housing market collapse. The Omnibus Bill is ending programs that help ease the books of the banks and allow the large numbers of homeowners in default to stay in their current homes temporarily. These mortgages are actually going to be due at some point, and the banks will take the homes back. This is going to be another disaster that crushes your property values.
http://www.nationalreview.com/article/429588/mortgage-default-and-fannie-mae
http://realmoney.thestreet.com/arti...gacy-issues-leave-hangover-banks-and-builders
This garbage drives me insane. I graduated from college recently and these idiots running the global economy have no idea what they're doing. This is a global economic response to governments intervening in their economies and one party in this country is going to nominate a self proclaimed Socialist if the front runner ends up in prison where she belongs. Unbelievable.
I watched the State of the Union the other night, and Obama said it's all good so quit trying to scare everyone.
