2010 Crisis
A misery year
Economics, 100109
So, from what I gather 2010 in USA the house bubble is not over yet. The number of bad loans resetting, will escalate in the coming months. There is talk about water shortage crisis in USA as well. There will also be a food crisis in 2010 and food prices will soar. Now if oil prices continue to rise, that will be really bad for the economy as well. There is a whole lot of toxic derivatives that no-one is talking about and that are tagged to the interest rates and dependent on them being kept low. There is moral hazard related to the to big to fail companies in USA.
- Aramis
 
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