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Old 27th Jan 2008, 20:37
  #20 (permalink)  
Grimweasel
 
Join Date: Nov 2001
Location: uk
Posts: 596
We are stuffed! The country is broke as are its soon to be heavily in-debted consumers who have been on a 10 year credit binge.

The trauma in the markets often takes 12-18 months to translate into the housing markets; prices will fall, MEW will stop and retailers will be up in arms as no one will have any money to spend. People will be laid off work; tax revenues will fall, just when we need the money the most. Inflation will increase (food/oil/etc are all getting more expensive as the cheap labour and imports from china revert to global averages) interest rates will go up to reduce the rate of inflation whilst the prices of goods also increase.

The only thing to do; hedge against the debts and inflation -

BUY GOLD!
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