3 bubbles Bursting at the same time.

Discussion in 'Economics' started by jueco2005, Feb 12, 2009.

  1. Sooner or later the Federal budget will have to be balanced; it has already reached unsustainable levels, and unsustainable growth levels.

    The trade deficit financed by in part by the Federal deficit and by artificial expansion of credit……………is to be finished. The dollar has been kept artificially low and has/will continue to strengthen against major currencies.

    The housing bubble, already bursting…………will begin to drain the banking bubble. Over the last 40 years the financial sector has grown at a faster rate than the real economic growth.

    I fear that while all this happens the economy will go into a deep depression.