5+5=10.....Ten is a Magic Number....5/5/10 The Digital Age Begins
How much debt can Fools buy from Wall Street before there is simply no money left.......it appears the money is running out around the world.
Do you really think the Greek workers will accept a 30% paycut so their country can get a loan without starting a civil war?
Do you think debt burdened America can function with tax receipts evaporating, construction down 80%.......and banks sucking the cashflow from the nation?
As Alstrydomous forecasted.......Real Estate will become worthless in the Digital Age.
Redmond, WA Condo Association Votes to Mass Default
According to Mish:
By the way, assuming every owner walks, and assuming those loans are widely spread out among lenders, it will be impossible to sell those units. The entire building could be worthless.
I will not blog again until 5/5/10 or general acceptance of the start of The Digital Age........Alstrymous is confident that you will know when it arrives....where knowledge is wealth.