Admin from Truth.ws- This is the guy who also predicted a Great Depression for the last few years. Maybe one day he will get it right. I doubt if we see a big crash in Oct of 2011. I also believe that we have areas in the United States that have been in a Depression for the last several years. Places like Detroit, and even larger population centers such as the great Central Valley in California that stretches from Sacramento all the way down to Bakersfield. Unemployment in the high teens. 50-70% valuation declines = A HUGE DEPRESSION. No jobs there at all. Yet, there are pockets that will never change. Silicon Valley and Orange County.
Admin from Truth.ws-
ReplyDeleteThis is the guy who also predicted a Great Depression for the last few years. Maybe one day he will get it right. I doubt if we see a big crash in Oct of 2011. I also believe that we have areas in the United States that have been in a Depression for the last several years. Places like Detroit, and even larger population centers such as the great Central Valley in California that stretches from Sacramento all the way down to Bakersfield. Unemployment in the high teens. 50-70% valuation declines = A HUGE DEPRESSION. No jobs there at all. Yet, there are pockets that will never change. Silicon Valley and Orange County.