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Old 05-25-2008, 10:21 AM
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Default The economy is crumbling

As the recession continues investors are desperately trying to figure out a way to keep their money. The hardest hit is taken by the US, with high oil prices, high food prices and home owners unable to pay their mortgage as a result of the uneasy loaning.

At the same time GM (General Motors) are facing a huge strike, stock brokers fleeing to Asia and the war against terror still hammering the economy, while the US dollar is slowly loosing its value, currently reaching 50% of its value since 2001.

Europe is not hit as hard, the interest rate is still kept high to prevent inflation, and the EU central bank is starting to lend money to banks as seen in the US.

Asia on the other hand is doing good, it has a growth and investors are throwing money in projects and companies.

Any clever investor should stay far away from USA right now! Do not buy houses, land or invest in public companies, its poised to fail. Instead go for Europe as its economy is and stability is getting better due to the fact that Europe is the largest economy and has a better chance of surviving a financial slaughter.
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