Comment Great Recession part II? (Score 4, Insightful) 743
I am nervous as this feels like early 2008 all over again.
People though ack a few banks will be late paying each other for it's silly home instruments. Big deal let's buy banking shares now while they are cheap etc
We all know what happened next? Last year we finally came close to full recovery. The house of cards collapsed and is still being pumped up by the federal Reserve as we never had a full collapse!
Japan, America, and the EU may be next should Greece not to pay with skyrocketing rates and a great depression awaiting as the Federal Reserve won't be able to pump borrowed money to the banks, again.
Am I the only one who sees this?