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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"

Take care of the luxuries and the necessities will take care of themselves. -- Lazarus Long

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