SEPS: The second great depression
I gave three good parts to the reasoning...
So this thread will cover the opening bout (phase one)
Part one...
In a few days or weeks your gonna see in the new the following...
The US government is supposed to remove limits to borrowing on houses... Through Fannie May and freddie mac
currently they allow borrowing up to 125% of your homes value
Well stand by...
I was informed that they will remove this borrowing limit of 125%
It will be unlimited...
Thats right you can borrow an unlimited amount on your house as long as someone gives it to you...
Part two...
thailand floods...
just go to google and trace it if you want to...
here is where it means to your pocket book...
The plants that are there are closed due to the floods...
The ground floor intell is telling me this...
The price of anything with chips in it are going to double and triple
Hard drives...
Cameras...
exterior drives...
Security Cameras...
ECT...
The clerks know it...
In fact some stores have restricted the numbers of purchases of these materials already....
You can only buy one....
take the time tomorrow.... ask a few places that specialize in electronics...
now for the next part ...
number three...
it is either mexico's gang problems or iran....
we have another bubble coming...
housing financing available but a shortage of underwriters... (they are not ready for the business)
The shortage of chips with rationing beginning....
The third factor is the ghost one I cant put my head on... it is either the gangs south of the border or iran ....
this is going to fuel the economy upwards pre-election.... I believe the bad part will be when it pops
edit on 5-11-2011 by ripcontrol because:
looking at the bubble got distracted