Posted on: 20-07-12 13:33:54
Quote:
Originally posted by ashedfc
True, You are absolutely correct...
Infact I posted this couple days back...
with Food inflation we may see riots in developing & under-developed countries like the last time we had Arab spring..
In my budget I see that my grocery bill is already 20% up since last year.
So housing market is going to crash...food prices are going to sky-rocket...there will be riots everywhere...everybody is gaming mortgages...only money accepted will be gold...and so on and so forth.
Any bright spots in life? :-) Sounds like buying a underground bunker home the crazies are building down south may be a better investment than buying gold.
Btw - the original post was about a mortgage, not the standard conpiracy apocalypse "just you wait" stuff...
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Are you there?
The big guys who are running the big businesses are smart enough to know that a doomsday is much bigger threat for their own being.
We all know by now how the Market in East shakes even if the western economy sighs bit louder., China and India.
The west has built the world in such a way that the markets around the world one or otherway revolve around US / Europe, even if the west play a game like kids to drop the economy, China would be willing cut an arm to prevent that happening. Any how, Indian influence on western economy is notable but not as significant as chinese.
Quote:
Originally posted by BlueLobster
So housing market is going to crash...food prices are going to sky-rocket...there will be riots everywhere...everybody is gaming mortgages...only money accepted will be gold...and so on and so forth.
Any bright spots in life? :-) Sounds like buying a underground bunker home the crazies are building down south may be a better investment than buying gold.
Btw - the original post was about a mortgage, not the standard conpiracy apocalypse "just you wait" stuff...
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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
So to let you guys know (most probably you guys know) that the wheat & corn futures have sky rocketed due to drought going on in the central US right now....that's normal during such conditions that the futures go mad
But look at CRB index which is the commodity index & it is still down compare to 2011 start. Also look at the official inflation rate which is 10 yr US treasury bond & the yeild is at life time low of 1.4% today.....so guys take it easy on inflation & apocalypse talk.
Time will definetly come for apocalypse also, but at this time we need inflation to support the economy & not deflation.... so better know what you are asking for !!!!
