Forum

TruthMove Forum

TruthMove Forum » TruthMove Main Forum

Economy on the ropes/Gold at $825 (4 posts)

  1. truthmod
    Administrator

    Maybe this will be the next crisis (I hope) rather than another false flag or war with Iran...

    http://news.bbc.co.uk/2/hi/business/7070935.stm

    A wave of foreclosures and evictions is about to sweep the United States in the wake of the sub-prime mortgage lending crisis.

    This could destabilise the US housing market and may also lead to further turmoil in financial institutions, who collectively own $1 trillion (£480.6bn) worth of sub-prime debt.

    http://www.bloomberg.com/apps/news?pid=20601087...

    The dollar fell to a record low against the euro on speculation financial-company losses from subprime-mortgage defaults will grow, prompting the Federal Reserve to cut interest rates a third time this year.

    Posted 17 years ago #
  2. chrisc
    Member

    $1 trillion (£480.6bn) worth of sub-prime debt

    Less that the $2.3 trillion the US Dept of Defense was reported as having lost just before 9/11...

    It the UK it was announced today that it was expected to cost £30 billion to bail out the Northern Rock bank. http://news.bbc.co.uk/1/hi/business/7079520.stm

    Posted 17 years ago #
  3. christs4sale
    Administrator

    What about oil at $97?

    http://bloomberg.com/markets/commodities/energypri...

    Posted 17 years ago #
  4. chrisc
    Member

    What about oil at $97?

    Yeah, at the time I posted this I thought it was way off:

    the minimum oil price could hit $106 in 2010 and $130 by 2012 http://www.truthmove.org/forum/topic/755?replies=1...

    Posted 17 years ago #

Reply

You must log in to post.