Worldwide Credit Crunch
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I promise you; Thing are worse than they seem!
If you invest in real estate or american companies, who have most of their in America, I wish you good luck, eventhough it wouldn't help..
The US as you know it today, is gonna collapse. An economy that is 70% consumer, has a national debt of 10 trillion, a negative savings rate, has a huge bubble in housing, is not gonna do well when there is a huge contraction of credit.
arnejess 3 years ago
Sales of existing homes rose 3.1 per cent in July, not everyone agrees with your gloomy view. And anyway, things are never as bad as they seem AND never as good.
nonstopdesign 3 years ago
How can he advise people to BUY a house?
American real estate is going DOWN, and this video is even a year old.. Especially considering, he is acknowledging that its gonna be almost impossible, for people to get mortgages the next years?
arnejess 3 years ago
Hey does anyone have any questions you would like to ask a Arthur J. Rolnick,
Senior Vice President of the Minneapolis Federal Reserve, and Associate
Economist with the Federal Open Market Committee. He is giving any open forum at a local university and i am trying to get questions together. Message me if you have any, i plan to make a video of the event.
gjkmn99 3 years ago