Is the U.S.heading for a meltdown?

[gearhead]

Even if I took economics I can't say I am much of one. Just a question to the ones who understand things related to economy out there or have a grasp of it - Is the U.S. going to have some sort of meltdown?

Something does not feel right with the way things are running there lately. But I could be wrong. Why is the Euro not devaluing? Is China poised for something?

Any thoughts to share?

[Flagg]

I sure hope not. Wawa tayo lahat if that happens.

[safeorigin]

maraming magveveto na OFW nyan.

[theveed]

I hope not, but signs seems to be pointing that way... tapos kung magcorrect pa valuation ng Yuan sa China laking impact din IMO...

[gearhead]

I hope not, but signs seems to be pointing that way... tapos kung magcorrect pa valuation ng Yuan sa China laking impact din IMO...

Am having a strange gut feeling about this too. Was also talking to some real estate people and the FilAms they normally rely on to buy local real estate are pulling out of their reservations. Would like to hear how it is going in the U.S. too from our kababayans out there. Am sure the weak dollar affects them tremendously.

[v6dreamer]

Am having a strange gut feeling about this too. Was also talking to some real estate people and the FilAms they normally rely on to buy local real estate are pulling out of their reservations. Would like to hear how it is going in the U.S. too from our kababayans out there. Am sure the weak dollar affects them tremendously.

No its not. I myself own two real estate property here in the U.S never felt any impact or they so called recession. I believe this only for those people overseas that constantly send thier money to the Phils.

.

[Jun aka Pekto]

No its not. I myself own two real estate property here in the U.S never felt any impact or they so called recession. I believe this only for those people overseas that constantly send thier money to the Phils.

.

There is an actual home/real estate crisis in the US right now. I just happen to be in one of the states (AZ) that aren't affected. Other states doing fine are NV, UT, and the other Rocky Mountain States.

[uls]

Am having a strange gut feeling about this too. Was also talking to some real estate people and the FilAms they normally rely on to buy local real estate are pulling out of their reservations. Would like to hear how it is going in the U.S. too from our kababayans out there. Am sure the weak dollar affects them tremendously.

The Fil Ams are cancelling their reservations here coz meron sila cash flow problem.

madami natamaan ng subprime.

[zero]

mmmm.....
kaya siguro nagtaas na rin sila ng singil sa visa application dito by $31.
kailangan na nila gumawa ng bagong income?

[mikey177]

This thread on the BoG Forum, started by a seasoned financial analyst and professor, seems to suggest an imminent meltdown.

[Monseratto]

Credit Card fiasco ang suguradong susunod. The top banks may not be be able to take another round of defaults

[jeffrocks]

I don't think so...they will not succumb to that,if you take a look of how they spent so much; from space
explorations[NASA],undersea explorations,armaments and weaponry upgrade/inventions[nuclear aircraft carriers and subs etc]including wars, it looks like they weren't bother at all of what's going on.
The Federal Gov't seems very prepared on situation like these long time ago and they have plenty of solutions.One example,their oil reserves at hindi nila ito masyadong ginagamit,bili sila nang bili ng oil sa iba,alam nila na ang black gold sa ibang bansa will not last up to 150 years from now.
Naranasan din nila ang "The Great Depression" during 30's at bagkus lalo pa
silang nagpupunyagi upang umunlad.Kakaiba ang kanilang characteristics.
I saw one small automotive shop here in our area,grabe sa hi-tech na mga gamit baka talunin pa ang casa sa pinas,the mere fact na maliit na shop lang ito.
People here are having their good time which seems no end...

[safeorigin]

sure they have "solutions" of some sort. they could sell everything in the federal gold reserves for a millenium long supply of a 6-pack-can-'o-budweiser{not sure bout the spelling}.