Foreclosures and the future depression

orchid

High Society
Newbie

Karma: +1/-0
Posts: 5

Foreclosures and the future depression

« 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.


	Logged

chovy

Founder aka "Boss"
Forum Administrator
Sr. Member

Karma: +22/-15
Posts: 461

Re: Foreclosures and the future depression

« Reply #1 on: December 26, 2007, 09:19:09 AM »

here's the story.

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).


	Logged

jpn of Seattle

Hero Member

Karma: +241/-233
Posts: 2,012

Re: Foreclosures and the future depression

« Reply #2 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


	Logged

What you got is everything-and I mean everything—run by the political arm. It’s the reign of the Mayberry Machiavellis. --John DiIulio, former White House official

Joe53

Jr. Member

Karma: +2/-5
Posts: 61