Expect these things to happen in following 3 years

December 18, 2008 at 4:57 pm Leave a comment

Authored by Garth Turner — Greater Fool – The Troubled Future of Real Estate

Expect these things to happen

* Falling house values until at least 2010

* A large and growing federal budget deficit in Ottawa, starting in 2009

* Unemployment rising almost continuously for at least two years

* The banking and financial system rocked with bad assets and a few failures

* Stunning stock losses before a market-led recovery starts

* Banks suspend dividend payments to stockholders

* Reduced exports and corporate failures as the US tries to protect jobs

* Fewer services as governments at all level struggle with a funding crisis

Advertisements

Entry filed under: Personal Finance.

12 tips for financial independence That will take us to 2012

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Calendar

December 2008
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031  

Most Recent Posts


%d bloggers like this: