Posted on September 14, 2010 at 10:32am
FIRE SALE PRICES COMING UP, FOLKS AND WHO ARE THE BUYERS HERE?
In 2008, Nouriel Roubini saw 12 steps in the then gathering storm he called the “meltdown of the American economy” which would lead to a 'fire sale' of working and middle class assets.
First, your money is stolen through usurious debt, then your money is used to buy the foreclosed properties you once 'owned'.
Properties that that money was going to pay off.
ROUBINI'S TWELVE STEPS TO… Continue