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Posted by: canadianrancher57 1 year, 2 months ago
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canadianrancher571 year, 2 months ago
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I may at times take a simplistic look at things like economics and what I see now is a party that is coming to an end, we have those who what the party to continue buy buying more beer(banks suppling more money) and others who have decided to call it a night and go home(people settling for interest only). We will now go into the hangover period where people will lose their jobs, homes, and some of their savings, to me the hangover period is going to be difficult because we have all become to happy with the idea of a party.
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From the artical it stated that around the world reality is being felt and the hangover will affect all and so it should be since it has not just beenn the US who has partied.
I hope that the hangover does not last as long as in the 30's but I fear that it will. In the end we will get back to what makes an economy work and that is production not speculation
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