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Title: Foreclosures and the future depression Post by: orchid on December 26, 2007, 09:07:46 AM Last week on the front page of our local paper there was an article about how a family is getting kicked out of their home by Wachovia. The fact that they had to be out by 12-24-07 was a little depressing.
This made me reflect on the possibility of our future depression. We are heading down that road if we don't get with the program and that is good economics. Don't spend what you don't have. Title: Re: Foreclosures and the future depression Post by: chovy on December 26, 2007, 09:19:09 AM here's the story (http://www.santacruzsentinel.com/story.php?sid=51773&storySection=Local&fromSearch=true&searchTerms=wachovia).
With all the financial industry's bailouts from the US gov't, and UK, I'm not going to be surprised when it starts to have an exponential impact on the economy (the snowball effect). Title: Re: Foreclosures and the future depression Post by: jpn of Seattle on December 27, 2007, 08:11:04 PM We discuss how to stimulate economies here: http://www.itsallpolitics.com/forum/index.php?topic=1162.30 (http://www.itsallpolitics.com/forum/index.php?topic=1162.30)
Title: Re: Foreclosures and the future depression Post by: Joe53 on December 27, 2007, 10:33:26 PM My concern, and i am not sure if this has been mention. But the Chinese stock market the risk of a crash there, that be a global impact.
Title: Re: Foreclosures and the future depression Post by: freethinker on December 27, 2007, 10:35:34 PM here's the story (http://www.santacruzsentinel.com/story.php?sid=51773&storySection=Local&fromSearch=true&searchTerms=wachovia). With all the financial industry's bailouts from the US gov't, and UK, I'm not going to be surprised when it starts to have an exponential impact on the economy (the snowball effect). Ebenezer Scrooge is alive and well at Wachovia.
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