Reply To: The new recession is arriving?
There is another over production of houses and apartments in the usa and they have not being sold like in 2008.
Real estate prices are declining, and peoples are not buying houses, banks and contractors are stuck with their investments.
There might be a big default in cars financing and banks are going to lose a large amount of money
Peoples should tie their seat belts because this new crisis is going to be worst than 1930 and 2008, even more, bourgeoise economists are predicting it
The shutdown showed that the us workers are living from one paycheck into another paycheck if they miss one they will go in bankruptcy and they will become homeless
In a few weeks without pay federal workers were eating at homeless shelters