Tomorrow will be the start of the great financial meltdown. The 23 August 07 was the first wave of the Great Financial Meltdown. This panic selling into fears of Sub Prime problem in the US was in hindsight a prudent reaction. Now we will see the second wave. This is the domino effect. This is the resulting effect from all the victims of the sub Prime problem. There spending and demographic life style changes affecting Business, Industry, and Tourism. Now we will see the Trucking, Tourism, Business closures, and massive job losses. In 9 to 12 months we will see the 3rd wave. This is the results of cheap lending, large Mortgages, and failure to allow for a rainy day. A lot of people are only 2 pay cheques away from destitution.
