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Re: Globaltrnr post# 3889

Saturday, 06/23/2012 1:05:08 PM

Saturday, June 23, 2012 1:05:08 PM

Post# of 39190
Don't forget that China's housing market is about to collapse and that will dwarf the American housing collapse. My Uncle owns a metal recycling plant and he says it is like the faucet was just shut off in China. He was selling a few thousand tons of steel a week to China and he has literally had to stop accepting newly recycled steel because demand from China has stopped in its tracks.

Also, don't forget that Egypt is on the brink of anarchy again.

Oh yeah, France just went majority Socialist and Hollande and Mirkel are swapping jabs that have been known to start wars in prior history. Proves that a unified solution to the Euro zone crisis is highly unlikely. My bet is Germany is the first country to leave the Euro and it happens within the next 24 months.