tag:blogger.com,1999:blog-8939666320943790100.post1248663393738705384..comments2024-02-11T01:14:21.904-08:00Comments on SURVIVING IN ARGENTINA: The Royal ScamFerFALhttp://www.blogger.com/profile/07578136334334588454noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8939666320943790100.post-86677203256143132702009-08-08T10:32:17.376-07:002009-08-08T10:32:17.376-07:00@Bones:
I saw that article, but I have two though...@Bones:<br /><br />I saw that article, but I have two thoughts. The first is that there's no telling exactly what the US economy can survive. While there are problems, and it makes sense to prepare to some extent for an Argentina-like event, I'd still say the greater probability is not for a total collapse.<br /><br />My other thought is that this is the projection of a bank, and projections are notoriously unreliable. All it would take is a change of assumptions and the conclusions are out the window.<br /><br />For example, if the economy continues to level off and improve somewhat that will affect housing prices. Here on this blog we talk incessantly about "the coming inflation" which would presumably prevent many houses from going under water.Donnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-55284422535846407302009-08-06T15:25:23.635-07:002009-08-06T15:25:23.635-07:00Did you see this? HALF of all US mortgages will b...Did you see this? HALF of all US mortgages will be underwater by 2011.<br /><br />There is no way the US economy can survive this one. <br /><br />http://news.yahoo.com/s/nm/20090805/bs_nm/us_usa_housing_deutschebankBonesnoreply@blogger.com