Rescue economy pushed the U.S. into depression: Banking Manager, Financial Services, North America, politics and administration, inflation, currency, dollar, Freddie Mac, Fannie Mae, loans, debt, credit by CNBC. com CNBC.com | September 11, 2008 | 09:11 can watch ET, the final result of the global economic slowdown in the United States announcing national bankruptcy as the government can not afford to save, he has promised and the market is not out of trouble to help government, Martin Hennecke, senior manager of privateCustomers Tyche told CNBC on Thursday. "We expect a depression in the United States. We expect a depression, very well say that in Europe," Hennecke on "Worldwide Exchange." The estimated cost of $ 300 billion rescue of Fannie and Freddie probably as a loss, which assumes the government must be considered, therefore, to taxpayers, he said. "We already have 3 trillion dollars of U.S. debt, which affects as much as the U.S. government. The debt figures for the U.S. economy areincreases significantly. "If the government can no longer pass the United States" immense debt "on taxpayers, holders of dollars will bring back the eventual fall of the currency, Hennecke said." Definitely, it (the dollar) is not a safe place to invest, as real inflation is closer to 10 or 11 percent below actual inflation numbers given by the U.S. government said: "Hennecke on" Worldwide Exchange. "Investors should avoid exposure compared to debt and stay away from...
2010-04-04
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment