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uwe
1 Comment
The Big Whoosh: Is This The Beginning? [view article]
Inflation is much much higher than what the government shows. First energie, then health insurance, then milk, eggs and now bread and many other products have risen in price considerably. just go to the supermarkets and compare from a year ago. Unemployment is the next thing going up (usually the last indicator to catch up).The Dollar is getting cheaper also because European economy
is far better than ours and the European Central Bank has no reason to lower interest rates. Their Unemployment rate is getting lower and ours is getting higher. If at all, they would rather increase their interest rates and not lower.
The spread between European and American Interest rates is widening further.
Where is the bottom for us ? Who knows, we sure had a hell of a run during the last 10 years. It's time to pay the price.
Housing values probably go back to where they were in 2000/2001 or until foreign investors bring their money back and have confidence again.
Mar 15 05:15 PM