If you think we’re the only country facing problems, then you haven’t been paying attention to our other neighbors in Europe. They are experiencing economical problems as well!! In fact, their problems do help our country but it could be a sign of what can happen to the U.S..
If we can’t stop our spending and fix our current problems, we will be creating an economical monster for our children. This beast will not be easily defeated. As our problem debtors become larger (the beast), the REO housing inventory becomes larger, and will take more time to be sold off.
- The Bank Of France Chief Just Declared Europe’s Economic Crisis To Be Over(businessinsider.com)
- Old Europe is back in the driving seat(independent.co.uk)
- Steen’s Chronicle: Europe’s disease – sagging growth(tradingfloor.com)