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+ - Global economic crisis anticipated for April 2007

Submitted by
advid.net
advid.net writes "According to this European think-tank, several practical consequences of the unfolding crisis will converge in April 2007, some of them are:
  • Acceleration of the pace and size of bankruptcies among US financial organisations: from one per week today to one per day in April
  • Spectacular rise of US home foreclosures: 10 million Americans out on the street
  • Accelerating collapse of housing prices in the US: — 25%
  • Entry into recession of the US economy in April 2007
  • Precipitous rate cut by the US Federal Reserve
  • Sudden drop of US dollar value against Euro, Yuan and Yen

About home foreclosures they mention Beacon Journal 11/01/2007, United Business Media 12/02/2007, Austin Business Journal 26/01/2007 and CNN Money on 25/01/2007.
They also mention scores of blogs appearing on the web and trying to review the on-going housing disaster and the stream of human tragedies, for instance My Real Estate Money or Foreclosure Pulse"

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