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House price collapse fait accompli, page-89

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06/05/20

11:10

Post #: 44459514
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Originally posted by Sidonicus1: ↑

The main point of difference is unemployment. More jobs have been lost in recent months than from all those crisis' combined and then doubled. When we already had a massive housing bubble combined with world beating household debt 10% plus unemployment will of course lead to a significant housing slump. Hopefully for the sake of future generations a genuine and brutal popping of the bubble. We may even see a bank or 2 fold as the defaults hit the books.

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Another factor that we as a nation should monitor, is the possibility of a cold war type scenario emerging between the USA and China. If this eventuated, we would find ourselves uncomfortably in the middle.

https://asiatimes.com/2020/05/cold-war-chill-sweeps-through-china-and-the-us/?utm_source=The+Daily+Report&utm_campaign=e7b6212ddd-EMAIL_CAMPAIGN_2020_05_05_08_53&utm_medium=email&utm_term=0_1f8bca137f-e7b6212ddd-31610005&mc_cid=e7b6212ddd&mc_eid=8cabea0fc7
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