HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » World Trade Drops Most Si... » Reply #1

Response to marmar (Original post)

Thu Jul 23, 2015, 03:12 PM

1. Nobody's got money to spend

Now just what the hell did they expect when they chopped our wages down to nothing to give everything to a few old rich guys?

Abroad, people are watching the Greeks and what's being done to them and getting nervous. The Chinese stock miracle has come back to earth and their real estate bubble is due to pop. About all that's continuing to sell is real estate in big cities, being bid up to the stratosphere by people who think it will only go up. Oh, and interest only loans are back in California.

It's all getting ready to go bust again and we know it. Nothing is there to support any sort of recovery. Economies run from the bottom up and there's no "there" there.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
marmar Jul 2015 OP
LineNew Reply Nobody's got money to spend
Warpy Jul 2015 #1
Please login to view edit histories.