Worst housing slump in 27 years. It reminfd old folks of the great depression. Miles and miles of empty foreclosed houses. The banks are losing billions, doon they will go under. Meanwhile executives are talking layoffs.
The fed talks about more rate cuts, but with the declining dollar this only increases the price of oil which has risen to record heights. The car sales are also down as people are in a state of panic.
Future life looks more like a tiny teepee than a massive mansion.
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