I agree with you, the worst is still to come economically. There is going to be issues in the credit markets. Foreclosures are coming. That tends to have a multiplying effect.
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Right it's like chain reaction it's gonna effect all because if us is doing that bad what about other places
No place is safe. We are going to see all countries affected.
For example, as the US falls, there goes the outsourced manufacturing in countries like China and Vietnam. That ends up spilling over into the African nations which came to depend upon Chinese money for their growth.
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Yeah the commercial real estate market is already a mess and, at least in the US, residential is holding up simply because of the forebearance that is taking place. However, once that ends, the market will get a crushing blow as millions of homes are taken back and, eventually, hit go up for sale.
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