The consumer credit cancer
Those who have experienced or witnessed the ravages of excessive credit card debt already recognize the evils of consumer credit, but the gravity of this cancer is probably even worse than you know. The real estate bottom
The real estate bottom is so far in the future it’s not even worth attempting a prediction. Real estate is not a liquid investment. Selling a property is time consuming, energy draining and expensive. Most people can not afford to buy anything without a mortgage, most people require the assistance of an agent, most people live in the only property they own, most people simply do not bounce around too often. Peter Schiff on the U.S. Bubble Economy
This speech was delivered at the World Money Show in February of 2006. (click below for the rest of the video) |
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