Fear and Loathing on Wall Street (4)
Lagoona22Bugibba, Majjistral Malta161 Threads 11 Polls 10,711 PostsWith the latest traumas of the credit-crunch in the US spreading wider and wider, it must be a serious concern to a lot of home-owners with mortgages, not to speak of the millions out there who have their life-savings sunk in the stock market. Imagine if we see another major recession....how do you think it'll affect you, how secure do you feel in your job, and how do you feel about the future??....
Imagine if our assets , in our case , our homes , all of a sudden losing 50% their value .. A big dash to hopes and expectations will bring sense to the mind of those whom ran and tied themselves in credits and loans , one after the other thinking that value of their home will cover for all that .
Unable to deal with economic deficit many nations in the west decided to inflate the value of their assets .. Well here we are facing the consequences of spending our speculative wealth ....
Unable to deal with economic deficit many nations in the west decided to inflate the value of their assets .. Well here we are facing the consequences of spending our speculative wealth ....
Well, the UK and the US have really seen this incredible bubble in real estate, fueld by the longest period of cheap credit I've ever seen....anybody knows a bubble bursts at some point....it's just the same as the Tech bubble and the Dot.Com bubble....while everybody's making money on paper....nobody wants the party to end...it's like watching an alcoholic looking into hi empty gin bottle....he just can't believe it's all gone!!...
ah! --- the triple witching hour or--- mmmh - october fast?
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Created: Sep 2007
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