Hello Maurice, <<The Great Financial Collapse of 2001 stream was started in Y2K ... 2001 came and went. Then 2002. Then 2003. Maybe this year...>>
You should give the wait the patience it deserves, even if after considerable period, for it will be awe-inspiring, and scrumptious, because what has been and is happening now is a Collapse that will newly define the word Collapse, as 1929 Depression defined the D-word.
As to the Collapse we are now experiencing, I have stated a few times since the early days of the thread, Collapse is a (complicated) process, not an (simple) event. So, since you are a technical type, stop being simplistic, and appreciate the complexity unfolding before you.
Speaking of complexities, I have a question about your New Zealanders’ resolve in face of challenge; why is NZ pulling out of the mission to bring civilization to the desert tribes abc.net.au . Will your neighbor Australia be the next to do same?
In the mean time, Spain appears to be on schedule for a June 30th pullout, and Norway is getting antsy spacewar.com .
What will happen when Britain also does a Dunkirk? Will the energy flow drop to a trickle, and SUVs stall out? Will your oil at USD 2/barrel still happen? Is there then any point to financing J6P in the homeland? Is the Dollar then worth anything? Will the party on NYSE be worth it? Are we then doomed?
We do not know.
As to your question about what will happen to housing when interest rate starts heading up, we also do not know, but we can guess.
Chugs, Jay |
