From DailyKos.
Sunday, September 20, 2009
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3 comments:
interesting
Sorry, but this means very little because the USD has lost 35% - 47% against the most stable currencies in the world due to Obama's manic spending. Foreign investors who are not hedged have lost money in the U. S. stock markets. We are currently experiencing massive deflation of hard assets like real estate, both residential and commercial. With the sub-prime lending market closed, those with damaged credit are shut out of buying a house which is over 40% of the market and that percentage continues to rise as more people elect to default on their home loans because they are "upside down in value vs. debt. That is why home prices are continuing to sink. Foreclosures continue at a record pace. When the IMF announces the new global currency that the UN is pushing right now, what little air is in the stock market will quickly escape. Watch what happens to the stock market if healthcare is passed.
I was going to argue that the charts are a little simplified for my taste (not wrong, mind you, just too easy)...
...but Anonymous has apparently taken the day off at Free Republic to write the book on it.
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