Monday, 6 August 2007

The Stock Market Bloodbath Has Only Just Begun

According to informed sources the US Stock Market is likely to be DECIMATED in the coming months. We are talking about Big Time Losses- an economic DEPRESSION type disaster. This is all thanks to the fact that the current growth cycle has been fuelled by massive unsustainable debt. The talk that the economic fundamentals (in the USA) are still good, despite the volatile markets, is simply propaganda.

Economic expert Mike Whitney explains the dire threat posed by the mountains of debt (borrowed money) that has boosted the markets in recent years: He warns we are likely to see the US markets collapse leading to many bankruptcies which will include a number of US Banks.

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