Apr
13
memphis_class_hishoe
When gas prices rose to $145, a small portion of the U.S. consumer could no longer pay their mortgages. The mortgage companies collapsed, then financial trading companies that bought commodities and caused the price of oil to go to $145 failed(remember goldman calling for $200 oil?), now where bailing out the financial holding companies that caused the collapse, increasing the debt of the country (still in affordable ranges), and now the dollar is falling and people are buying oil again.
When gas prices rose to $145, a small portion of the U.S. consumer could no longer pay their mortgages. The mortgage companies collapsed, then financial trading companies that bought commodities and caused the price of oil to go to $145 failed(remember goldman calling for $200 oil?), now where bailing out the financial holding companies that caused the collapse, increasing the debt of the country (still in affordable ranges), and now the dollar is falling and people are buying oil again.
1. Commodities should not be rising to $130 levels when the entire global economy is collapsing from the 1st punch.
Take these moronic investment funds and slam them to the ground why we still have a chance. The government should go in and put these stupid btrds on a steak. They have no idea how to invest and are going to completely ***** our economy and themselves once again.
Anyone else agree?
Comments
One Response to “Is the economy about to completely collapse?”
Leave a Reply
You must be logged in to post a comment.
yes