“Economy — On the Verge of Collapse”
“The inevitable demise of the subprime mortgage market leaves the entire housing market — and with it the economy — on the verge of collapse,” said Bill Fleckenstein, a contrarian editor for MSN Money.
Fleckenstein further believes the economy is in a credit bubble and real estate will soon demise.
Mike a contrarian blogger, “wonders if he’s still bullish on gold and silver.”
“It’s not a viable business when you lend money to people you know can’t pay it back,” said Fleckenstein, speaking of the subprime sector.
No comments yet.
Leave a comment
Recent Posts
Recent Comments
- Shaun on 1964 Silver Kennedy Half Dollar: 90% Silver, 1965-1970: 40% Silver.
- Shaun on Silver Investing and the current economic environment
- Jorge ferro on 1932 - 1964 Silver Quarter: 90% silver
- Natalie on Silver Certificates, Past and Present
- ashley on 1964 Silver Kennedy Half Dollar: 90% Silver, 1965-1970: 40% Silver.