Is the value of Assets Crashing???
The value of an SUV when dealers no longer accept them as trade ins?
The value of a house when there are five other vacant properties on the street for sale?
The value of a luxury condo when only 20% are sold and squatters have invaded the building?
The value of a municipal bond when the coverage revenues fall below the payments?
The value of a boat when half the other boats in your marina are for sale?
The value of a shopping center when you have lost your anchor and half the spaces are empty?
The value of a business that can no longer make a profit?
The value of land that no longer makes economic cents to build upon?
The value of a corporate bond that is in jeopordy of defaulting?
The value of jewlery when many of your neighbors are pawning theirs?
The value of the stock of a company that is losing money and has negative forward prospects?
So let's see:
Stocks, Bonds, Boats, Businesses, Condos, SUVs, Houses, Shopping Centers, Land, Jewlery dropping in value......and most aren't even aware yet.......what will happen when more people wake up?
Now this one is really out there to make you think......
If assets are crashing, wages are falling, businesses are failing and jobs are being eliminated....what happens if food and fuel prices keep going up?
Now, shouldn't just one, I don't give a damn from which party, of our politicians be publicly concerned?