Quote:
Originally Posted by jef
Is it really that bad over there? We see the US Dollar depreciating rapidly of course. We are being told this crisis is mostly due to the collapse of the real estate business. 'Deep recession facing us': do you really feel it is going to get worse than this?  |
Absolutely. This current conditions are / were
triggered by housing, but the problem is much, much deeper. The real
cause, IMO, is easy monetary policy. I could write a book on this, but I'll save you death by text.
BTW, who tells you that it is caused by the RE collapse?