Hi Anorak,
Alan Greenspan has stated that the economic problems facing the USA are "the worst he has ever seen." It is apparently, so serious that it wouldn't take too much for a huge economic collapse with many big businesses going bust and major losses on World stock markets.
A few months ago,I wrote an article to Anorak which I called "Rumbles in the Financial Jungles." It was the fourth letter that I had written predicting the high possibility of serious economic problems with the UK economy.I stated that things were too good to be true, and, that manufacturing in Britain was in a steady fall,plus an overpriced housing market, high personal debt,increasing imports,and a loss of a competitive edge in markets would take its toll sooner or later.Now as the American economy starts to confirm that it is seriously sick, the stakes are raised higher around our world.
At the end of my Rumbles in the Financial Jungle letter I wrote," I hope I am wrong, but this year may yet prove a shocker....and so, stash away some money just in case the rumbles in the financial jungles begin to get even louder." From Greenspan's comments regarding America's economic situation there may be a tsunami of BIG problems coming soon that could knock a lot of people VERY hard and do immense damage.Hold on tight. The ride may be rougher than you might imagine.
Regards,