US may lead the world in a depression – the lower steel profit from lower construction and car sales is the first signal
SamAdelton
Oct. 30, 2007

The emerging markets like China and India can buckle in no time. These economies are now totally depended on American, Japanese and European funds to fuel the growth. Japan is showing signs of deflation. The high value of Euro compared to US Dollar is pushing Europe into recession. All of these are coming from weaker US economy and inability of the US economy to grow faster without budget and trade deficits.

The real estate bubble bursts and lower car sales are creating a bad scenario. The lower steel profit from lower construction and car sells is the first signal of troubles ahead.

US economy is the locomotive engine of the economic train in the world. If the engine fails, the train stops. But the train was in an uphill track for a long time (huge budget and trade deficit in US). Because of that the whole train can slide back in track as the engine starts failing.

US may lead the world in a depression – the lower steel profit from lower construction and car sales is the first signal.

US may lead the world in a depression – the lower steel profit from lower construction and car sales is the first signal
SamAdelton
The high value of Euro compared to US Dollar is pushing Europe into recession. All of these are coming from weaker US economy and inability of the US economy to grow faster without budget and trade deficits.
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Home price, consumer confidence and massive losses in mortgage markets – the core deflation with inflation in food and energy
Sanda Johnson
The situation has become more difficult when they fought the deflation by making credit easy in the western world. The easy home equity loans are back firing now badly.
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Yuan surges 0.3% - is this a real change in Chinese currency policy?
Babu Ghanta
But a 0.3% rise in Yuan against US Dollar in a single day would not make much difference. A consistent rise is required that will reverse some of the flow of goods and services into China.
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The first casualty from the financial meltdown – Bank of America decides massive layoff and fires its head of Global Corporate and Investment Banking unit
Sue Brown
While the whole world is busy thinking about iPhones and iPod, the financial meltdown and debt-servicing load of the economy is imploding. The implosion is severe and has the potential of a massive collapse in financial systems simi9lar to 1907.
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Median home price dropped 4.2% from a year earlier – analytics and quantitative model show 30% price retraction on the cards if economy tanks into recession
Marla Guthrie
Existing-home sales fell 8% in September amid continued problems in the mortgage market.. The median home price dropped 4.2% from a year earlier. The single-family sales hitting their lowest sales pace in nearly 10 years.
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With Boeing's negative guidance, the stock market is in real trouble – when the leader succumbs so goes the battle
Karen Zuba
Based on historical data, before past major recessions and stock market bear markets, prospering companies started falling four months before major market crack and ten months before the R word was common in the main street.
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Bush tax cut for the rich and proceeds from Iraq lost in bad loans – greed of the wealthy creates the biggest financial meltdown
Peter Oberois
Still they talk about flipping without flopping. Still they want to fool the common people and sell mortgages to those who can never afford the homes in the first place. They have taken their scam to the emerging countries like India and China now.
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