Predictions I

clipped from cfecon.blogspot.com Collapse Predictions Prediction One (P1) The housing crisis of 08/09 was just the beginning. Subprime was merely the first domino to fall in a long line of real estate bubbles. Residential (Alt-A and OptionARM resets), Commercial, Retail, Hotel and Industrial properties are still looking at major default rates soon. Prediction Two (P2) Basic government services will begin to break down. Federal, State and Local governments will be unable/unwilling to deal with the loss of revenues and will completely implode before they are able to fix their budgets. Prediction Three (P3) Commodity scarcity and worldwide food shortages will be realized over the next few years. While the dollar loses value, and demand skyrockets from emerging markets, commodities will be harder to obtain even for the U.S.