Monday, August 30, 2010

The second Great Depression has arrived
"David Rosenberg, market guru, has officially declared that the US economy is in a state of depression, and he sees the economic superpowers woes worsening.
On the heels of that bleak forecast, the statistics for existing home sales for July were released and the numbers were ugly. The weak housing market collapsed. Reflecting the worst slump in American history, existing housing sales had plummeted a stunning 27 percent and there's no sign on the horizon that sales will stabilize any time soon."


  1. Checkin out some cool new blogs dude. Kill some time at mine. Good for some laughs

  2. Duly noted. I'll have to punch the lady for spending our money at such a financially unstable time.