More On The Financial Tsunami
A heads up from a reader –
“…and here we go. Now the real problems are gaining ‘growth’ momentum. As stated before, the bad debt / none performing loan volume will grow to US $5 trillion in 2008.”
The Financial Tsunami: Sub-Prime Mortgage Debt is but the Tip of the Iceberg
#1 – “I’m really looking for the bargains this year because I’m losing my job; they’re moving our plant to Mexico after the first of the year, so I have to be careful,” said Tina Dillow of New Richmond, Ohio, who camped out at a Best Buy store near Cincinnati at 3 a.m. because of a great deal on a laptop.
#2 – Pam Batts, of Raleigh, N.C., arrived at a Target in suburban Knightdale at 3:30 a.m. Friday, ready to buy a Wii for her 8-year-old son but left empty handed.
About 30 minutes before the doors opened, Target staff announced the store had been sold out of the consoles since Sunday.
“Now what do I do?” Batts asked. “I’ve got just a month to find one.”