Reading the tea leaves on the dismal state of the American economy.
— By Andy Kroll
For the US economy, the bad news keeps piling up, like that 60-mile, 11-day-long Chinese mega-traffic jam.
Sales of existing homes sank to a 15-year-low in July, the National Association of Realtors announced on Tuesday. The 27 percent drop surprised already pessimistic housing experts—a group of economists had told Dow Jones Newswires they expected sales to fall by just 14.3 percent. « The report shows the housing industry has hit more turbulence, is not leveling off, and is worried about a nose-dive, » Mitchell Hochberg, who works for Madden Real Estate Ventures, told Dow Jones.
Voici une analyse socio-économique de ce qui risque de se produire d’ici 3 à 4 ans chez nos voisins du sud…