Reply to Re: The Second Great Depression Starting 2007

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Posted by Neredbojias on 06/30/06 07:10

To further the education of mankind, goldtrader@smartinvestor.com
vouchsafed:

>
> Believe it or not, the Second Great Depression is right around the
> corner !!
>
> With interest rates increasing, savings rates near zero,
> and debt at its maximum; many people will be pushed over
> their debt limit, having homes foreclosed by the banks or
> going into bankruptcy. Others will heed the warnings and
> reduce spending, causing a dramatic slowing of the economy.

Bah, according to Bush and the Republicans, things are great! Don't you
read the papers in Kansas?

--
Neredbojias
Infinity has its limits.

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