yes thats very true. I dont even have a mortgage and feel poor and yet I am reasonably well off.
If you look over the last 3 days there has been a big change in market sentiment. The U.S. manufacturing sector is forced to slow because the dollar is low. The numbers are just starting to show the inevitable.
One of the first sighns of recession is when the media start to acknowledge a recession is close. The same occured when there was meltdown 2008. There was talk of a global slowdown in 2008 but few listened. Fundamental economics always wins in the end.
The million dollar question. How will this effect long term commodities prices. Who will survive? How will they survive? How long will they survive?
