Get your personal finances in order - worse things to come?
Dollar fell to 3-month low on sub prime news, and Mr. Greenspan said that weakness in the housing sector could spread into the broader economy. On Friday at some point, the dollar was at its lowest since early December, against a basket of six major currencies, but later recovered somewhat.
Some experts predict rather gloom events that will affect you, your pocket and your lifestyle -
- commodity prices will continue their rise
- the dollar will continue to weaken
- inflation and interest rates will go higher
- oil will resume its rise
- precious metals will soar
- residential real estate will fall 20% to 40%
The last one is rather ominous, wouldn't you say? And those will be affecting not just US, but the global markets, increasing volatility and danger of depression.
Sun Mar 18, 2007 09:03AM by Tony | More in Personal Finance | Comments (0)
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